Buy now and once more if price drops to 1.4650. Stop loss at 1.4600. Take profit at 1.4815.
Reason for the trading strategy (technically):
1.4650 is clearly a strong graphical support level with price reacting off it 4 times already. It is also a strong Fibonacci retracement + extension level which is why we are bullish above this level. 1.4815 is our take profit level because it is our last swing high resistance.
Stochastics is bouncing above its 6% support level.
Reason for the trading strategy (technically):
1.4650 is clearly a strong graphical support level with price reacting off it 4 times already. It is also a strong Fibonacci retracement + extension level which is why we are bullish above this level. 1.4815 is our take profit level because it is our last swing high resistance.
Stochastics is bouncing above its 6% support level.
Exness- EURAUD bullish above key support level
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