09/08/2020 EURAUD - WEEKLY PLAY LONG TF H4

Welcome,

Below you will find our trading notes:

Monthly view - BULLISH
Weekly view - BEARISH
Daily view - BULLISH

Previous week LOW - 1.6386
Previous week HIGH - 1.6558
Previous week profile - BEARISH, ACCUMULATION

News this week:

11/08 TUE - 3.30
13/08 THU - 3.30
14/08 FRI - 1.30

Where to focus:

LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.6340
SUPPORT STRUCTURE : 1.6355 -> 1.6385
SUPPORT LOWER STRUCTURE : 1.6310 -> 1.6340
LIQUIDITY ABOVE : 1.6550
RESISTANCE STRUCTURE : 1.6610 -> 1.6690

Weekly scenario:

We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.6550 but over all target is 1.6610
Protection strategy:
SL up to 20 pips below support structure


REMEMBER!

NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)

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HAVE AN AMAZING DAY!

ENJOY