Analysis on #EURAUD

This pair is number 4 on the most profitable pair I have traded this year and here is what I am looking at right now.

Previously the 1.6000 level was a key resistance level and now it became a very strong support level and I traded around this level many times on the buy-side.

Now I am not interested in any buy just here as we are near the resistance level, so I am waiting for the market to drop to my structure support zone just near 1.600 then look to enter in buy trade if the rules are met.

like and comment will be hugely appreciated, thank you so much for your support.

Check today analysis below⠀

>>“ Success is where preparation and opportunity meet." TradingAxis
chartanalysisEURAUDSupply and DemandSupport and ResistanceTechnical AnalysistradingaxisTrend Lines

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