Possible scenario on EURAUD pair.
Hello traders!
Here are my thoughts on EUR/AUD pair.
Price has been trending down for a long time. As you can see on the chart, price had respected trend line multiple of times. After every touch a strong push phase to the downside has came. After last touch around 1.59100 area strong push came. Price is breaking through the weekly key level. What do I expect from the price is to break through the key Weekly level, than come to re-test the level again and then it would be a great opportunity to enter a short trade.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Here are my thoughts on EUR/AUD pair.
Price has been trending down for a long time. As you can see on the chart, price had respected trend line multiple of times. After every touch a strong push phase to the downside has came. After last touch around 1.59100 area strong push came. Price is breaking through the weekly key level. What do I expect from the price is to break through the key Weekly level, than come to re-test the level again and then it would be a great opportunity to enter a short trade.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
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