Looking at EURAUD from a purely technical observation we can take note of the fact that the EURAUD has broken out of our long standing bullish monthly trend line which has started to point us towards a new bearish sentiment/bias in the long term, now looking further into it we can also notice that on top of breaking out of our monthly bullish trend we can notice...
EUR/AUD :::
Orange channel :
It is broken, but maybe the price will react to its ceiling for a while .
Green channel :
It will lead the price to its ceiling .
The range of 1.50 and 1.52 will be the next move .
<<< Good luck >>>
its been a full month and a few weeks since we entered any trades, as due to the war.
But we now ready. i have alot more coming to hold for the following 2 weeks for us to hold.
HAPPY TRADING TRADERS
EURAUD reacted thrice to the trend line, by providing the best long-term investment opportunity.
It also provides a great confluence setup.
TIPS: Enter in the lower time frame
Plz follow fundamentals too, because they are the driving forces of the market
Don't predict the market, let the market react
If you like my idea please do follow for...
G'day Guys
Here some idea for EURAUD. Please refer my previous idea on this pair, which is positively follow our projections.
Let's what happen next with this pair. Cheers
Potentially long term setup EA 1.53 zone area buy 30-50 pip stop recommended
Wait for powerful price action signals in or around zone (some examples)
-RailRoad
-Double Bottom
-MorningStar
-Stop Hunt Shift Candle
Weekly Support
Bigger picture on EURAUD, overall bearish market bias implies upcoming impulse towards downside post-correction, no clear confluence to support possibility of a reversal.
