EUR/AUD reached a major support level 1.52 - 1.53. A pivotal zone for the pair as price action haven't break below since 2018.
Technically on a DAILY TF, price is consistently creating HH & HL gearing up for that big push up to the upside to a psy level 1.6 and i will be monitoring this closely for a long position next week.
Validation - Daily closure above 1.56233 (Highlighted in red)
Invalidation - Daily closure below 1.54000 (Break of the purple trendline)
All ideas and opinions are welcome!
Technically on a DAILY TF, price is consistently creating HH & HL gearing up for that big push up to the upside to a psy level 1.6 and i will be monitoring this closely for a long position next week.
Validation - Daily closure above 1.56233 (Highlighted in red)
Invalidation - Daily closure below 1.54000 (Break of the purple trendline)
All ideas and opinions are welcome!