IJMInvesting

Eur/Aud - Bullish Trend?

Long
FX:EURAUD   Euro / Australian Dollar
Just done a little bit of analysis on Eur/Aud .

Looking for advice or what you guys think about the analysis. if it is correct or incorrect and where it could be better

Thanks



Comment: it think its a bullish trend, if it hits the resistance zone it could pullback to the trendline. then it will be a bullish buy

Comments

Looks like a good strong setup if it retests that TL mate
Reply
Looking good mate. I would wait a clear bullish signal or break as you are correct with the resistance zone, without looking at this pair myself and just from your chart, I would anticipating some slight consolidation around this resistance level which is also a psychological level, before a possible bullish push further to create a higher high. Be aware of the price price movements from this level going bearish. I would therefore focus on the price action at this level if you were to trade it and await a clear signal with confluence.
Reply
Nice clean chart James!
Reply
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