I'm looking to buy EurAud into previous structure. We are currently at the Weekly S1 and a .618 retracement from the previous swing. MACD Looks like it's about to give a buy signal. Stochastics were in the oversold level and are already moving up. I'm looking for the price action to show that the level is respected and it's going to go up again. A Double bottom with a higher high will be a chance to buy on the retracement. Target will be 1.5200 Where we have a confluence from 1.272 fib, Monthly R2 and previous structure from June.
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The Buy setup I am looking for.
