AlkalineFX

EURAUD: Selling Trap Zone ✅

Long
FX:EURAUD   Euro / Australian Dollar
Although we have broken out of a major trendline we cannot deny the fact that the main trend is bullish.

We may be luring in sellers here, only to bounce from the demand once the equal low liquidity has been cleared.

I will be looking to scale into buys with the members once we break below this minor support.

Until the main demand zone breaks, I have a bullish bias.

Let me know your thoughts in the comment section. 💬


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.