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EURAUD Trend Change?

Short
Euro / Australian Dollar (FX:EURAUD)  
the5erstrading  
FX:EURAUD   Euro / Australian Dollar
Supply and Demand Multiple Time Frame Analysis Parallel Channel EURAUD euraudshort higherhigh higherlow lowerlow lowerhigh Supply Zone short
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supplyanddemand mtfa parallelchannel euraud euraudshort higherhigh higherlow lowerlow lowerhigh supplyzone short
EURAUD has been moving sideways all 2022 with a very slight uptrend. After creating nothing but higher highs and higher lows, it has finally had a strong push and created a lower low.

After creating this lower low and bouncing off of the trend line, we have shot straight back up into the supply zone where we created the previous trend changing movement. Indicating a very strong supply zone.

Keep an eye on the 1H frame for a potential entry point to short EURAUD.
snapshot

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