roblnft

EURAUD Long to 1.7300 level

Long
FX:EURAUD   Euro / Australian Dollar
Price failing to fall below 4H demand zone so expecting a bullish push to 1.7300 level for 3rd tap of trendline and rejection of 4H 50EMA.

General bias for the pair is bearish as i'm expecting risk sentiment to remain risk-on given the relatively optimistic news expected from AUD/NZD this week re loosening of lock down measures

Comments

Thanks for this. One to watch. Note that 1D 100EMA trend is bullish, but 4h,1h are bearish so not in alignment for a long set up yet?

Is this part of your analysis? Or are there other more prevalent factors at play?

Thanks again.
Reply
agreed mate I have the same TL and descending TL and up to the 50ema.
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