EUR/AUD long position

2022년 1월 19일

Analysed as far back as 7th December to identify current market setups

Market is in a clear long term bullish setup but short term sells.

Awaiting on confluence based on:

Fib zones (seen by green lines)
Support zones (Seen by green lines)
Candlestick pattern (awaiting buyers in the market)

Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries.

Also keep in mind news as price will either hit SL alot faster or TP will be hit faster.