Hi traders and welcome to my channel ...
EURAUD
breaks down trend channel in the daily time frame and perfectly pullback to it .
As you can see price also breaks static resistance area at 1.56082.
For now, … I think price going to retest 1.56082 as support and continuation of long move to the weekly resistance area at 1.60395 …
If price can’t respect 1.56082 as support so it drops to 1.53468 to touch weekly support area again to grab more liquidity and creates big range…
All info can be found in my chart.
Good luck guys and be careful
.
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
EURAUD
breaks down trend channel in the daily time frame and perfectly pullback to it . As you can see price also breaks static resistance area at 1.56082.
For now, … I think price going to retest 1.56082 as support and continuation of long move to the weekly resistance area at 1.60395 …
If price can’t respect 1.56082 as support so it drops to 1.53468 to touch weekly support area again to grab more liquidity and creates big range…
All info can be found in my chart.
Good luck guys and be careful
.
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only