EURAUD - Long Idea - Time to pay attention
Greetings friends,
EURAUD is currently testing the major support, instead of rushing into long, one should look for confirmation before taking any trade. Expecting the price will bounce off this support level and retest the resistance above it. If it manages to break above the resistance, one should look for long entry during the retest and target x marked level.
Invalidation of this idea will be a close below this current support, then I would look to long at lower support.
If you find my analysis useful, like and subscribe are greatly appreciated.
Disclaimer: I am not a financial advisor and you should always do your own research before engaging any trade.
EURAUD is currently testing the major support, instead of rushing into long, one should look for confirmation before taking any trade. Expecting the price will bounce off this support level and retest the resistance above it. If it manages to break above the resistance, one should look for long entry during the retest and target x marked level.
Invalidation of this idea will be a close below this current support, then I would look to long at lower support.
If you find my analysis useful, like and subscribe are greatly appreciated.
Disclaimer: I am not a financial advisor and you should always do your own research before engaging any trade.
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