The structure of EURAUD on D1 (Daily time frame) is bullish at the moment. The market keeps creating new Higher high and never breaks below higher lows for a pullback. So, I'll be looking for a long position this week. Also, the price has hit the AOI (area of interest) and still close back above the zone. For safety, wait until the market breaks above the green line, where price can potentially reverse there. Or can open a long position when the market open and put a stop loss below the AOI.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.