EUR/AUD Bouncing at the Range
🔸4H CHART EXPLANATION:
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🔸Price broke the Descending Trendline.
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🔸It could not break the Resistance Zone to the upside.
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🔸 Now, it has broken the short term Ascending Trendline to the downside. We consider that this pair has potential to reach the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price broke the Descending Trendline.
.
🔸It could not break the Resistance Zone to the upside.
.
🔸 Now, it has broken the short term Ascending Trendline to the downside. We consider that this pair has potential to reach the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
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