The translation is: 【Free!】EUR AUD Entry Point Explanation

This is the lead.

I would like to provide an entry point analysis for EURAUD.

This is a universal trade,

This time it’s EURAUD,

and if it’s a currency pair with a similar shape,

you can apply it,

so please use it as a reference!

・Weekly

The resistance of the trend line is functioning,

and it dropped quite a bit on the second attempt.

After that, a double bottom formed

and the neck line was broken, so there was another breakout attempt

to the upside, but it failed.

・Daily

It is clear that support and resistance have properly transitioned.

For now, wait for it to fall to the neck line,

and if there are indications of a rise there, prepare with a long bias.

・1 Hour

Next,

we will monitor the red circle on the pullback.

・5 Minutes

In the 5-minute chart, around the neck line

a double bottom has formed, so

draw the line as in the image

and if the price breaks above the horizontal line, creating a light pullback,

take a long entry.

If it looks like a fake and drops again,

place the stop around the neck line on the daily chart or similar.

This is how I trade.

Like this,

the lead is quite fond of flags, or rather, excels at them.

In any case, thischart pattern

where to look for it is important, so

if you blindly enter just because a chart pattern appeared,

you’ll end up dwindling;

let’s elevate it in our own way and acquire a lasting skill!

Bonus

XAGUSD is forming a cup and handle.

Whether it rises after a handle-like adjustment,

or if momentum is strong, it will break through and rise.

Since it will become one of these outcomes, adopt multiple patterns like this

and trade with them in mind.

Now then!