Trade Idea : Potential Swing #EURAUD

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Next week trading days will see that the calendar pointing out to an important event for BOA (AUD) on Tuesday 11.30am (Malaysia Time +8 GMT). If the interest rate continue to hike as per expected (marking the strong economy post the pandemic era), we can see the AUD will push the price lower and expected to react at the zone. Putting Stop Loss at the Swing low and we expect the price will be creating a base at the zone area before moving uptrend.

Stop Loss : 1.52500
TP : 1.60000
评论
Hit SL. The momentum from the daily bearish candle still pushing the price downwards and past the zone and SL.
Chart PatternsTrend Analysis

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