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EUR/AUD About to Start a New Impulse
Euro / Australian Dollar
Long
EUR/AUD About to Start a New Impulse
By ThinkingAntsOk
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Sep 13, 2021
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Sep 13, 2021
Good morning, traders! Today, we will analyze EUR/AUD in multiple time frames to explain why we consider upside potential for the short term.
🔸Based on the technical context, we see that the price is in a short-term uptrend.
🔸Recently, there was a bounce in the support zone that gave a possible completion to the current price correction.
🔸If this is the bottom, what we are looking for is the following:
This is the 4H chart.
🔸The downtrend line is broken, and the price is now consolidating.
🔸What we expect is a break from the current consolidation. If this happens, the price may seek the resistance zone.
analysis
aud
Bullish Patterns
EUR
EURAUD
LONG
Multiple Time Frame Analysis
setup
Support and Resistance
Trend Analysis
ThinkingAntsOk
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