may be looking to retest that blue box support. might wanna wait for confirmation near that area of value as to where the price will go. set your stop losses. good luck!
double top situation and price is moving between the trend line. Note: Trade at your own risk
Buy EURAUD Entry 1 1.60120 Entry 2 1.59980 Sl 1.59600 Tp.1 1.60400 Tp.2 1.60680 Tp.3 1.61100 Tp.4 1.61500
Pattern: Rising Wedge on 1M. Signal: Bearish as the price is trading near the Higher Low Zone. Target: 1.6600 (symmetrical target).
Pattern: Ascending Triangle on 1W. Signal: Bearish if the Higher Low trend line (dashed) breaks. Target: 1.57000 (1D Support).
Pattern: Channel Up on 1D. Signal: Bullish after the 1W Resistance broke. Target: 1.6645 (based on the previous Higher Low - Higher High leg).
Pattern: Channel Up on 4H. Signal: Bullish if the 1.6120 Resistance breaks. Target 1.61850 (potential peak of the inner Rising Wedge.
Pattern: Rectangle on 1D. Signal: Bearish after the price hit the inner Resistance (1.60617). Target: 1.57500 (just above the Support Zone).