EUR/AUD Trade Idea
Hello and welcome to my Trade Idea of the currency pair EUR/AUD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a permanent uptrend.
Weekly: In the last 3 weeks are 3 big green candles who confirm bullish strength.
Daily: First of all we see a nice uptrend on daily. At the end of the trend, where we are now, a consolidation occur.
H4: On the H4 timeframe we draw the H4 Support area and the counter trendline.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a permanent uptrend.
Weekly: In the last 3 weeks are 3 big green candles who confirm bullish strength.
Daily: First of all we see a nice uptrend on daily. At the end of the trend, where we are now, a consolidation occur.
H4: On the H4 timeframe we draw the H4 Support area and the counter trendline.
Have a nice day.
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