I know the market is about to close but what do you guys think about this set up for EURAUD?
Price rejected at the confluence area continuing to respect the uptrending channel an d also breaking the short term structure. we wait for a restest and a rejection to validate contionuation of the uptrend
The market reversed at a key level and then broke structure with an impulsive mevement, now we wait for a possible retest on the previous structural lower high and continuation to the upside
Price failed to break the support area on three occasions
secondly the was a break of structure followed by a bullish momnentum and now the price is correctiong and creating a bullish flag, waiting for the impulsive movement to kick in
