We managed to see that EURAUD is slowly building up bullish strength after testing 161.8% fib level as well as the support level at 1.5900 price level. As of now, I am expecting a breakout from the trend resistance line (dotted line) followed buy a movement to the supple zone (red area). This is an important level for us as a breakout of this supply zone will show a potential movement towards the 61.8% fib level (also movement towards the ichi cloud). For now, I will be in a long position for this pair.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
הערה:
Made a typo for the header...my bad