as we can see on the EUR/AUD chart that, there has been a strong downtrend for a while now. the market previously tested a broken support level and used it as a resistance level. to then have a major break down to the downside and break past a couple of support levels. now the market doesn't have any confirmed structure or areas which we can look for direct trades in. so in order to trade this type of market, you will need to use specific
candle confirmations, for example, small pull backs to get in. as a long term perspective, the market still has a long way to reach any supply and demand levels. so a great idea would be to find a safe place to enter using the right type of confirmation and then swing the trade as low as possible with a trailing stop loss.
candle confirmations, for example, small pull backs to get in. as a long term perspective, the market still has a long way to reach any supply and demand levels. so a great idea would be to find a safe place to enter using the right type of confirmation and then swing the trade as low as possible with a trailing stop loss.