EURAUD - Long Term Breakout?
This resistance zone has held for quite a while, infact, the first analysis I EVER PUBLISHED featured this pair, with this same setup.
If a true breakout occurs (price passes the previous high, the the ridiculous candle, the candle peak at 1.6200) then I'll revert the resistance to a support level for price to bounce off.
Should it hit 1.6200 and reverse, the original zones are still in play and a long term SELL will be my weapon of choice.
I am a Premium Student of the Diamond Forex Academy; instagram.com/diamondforex/
My personal tutor is Masum, a Top Author on TradingView; uk.tradingview.com/u/masumhussain/
If a true breakout occurs (price passes the previous high, the the ridiculous candle, the candle peak at 1.6200) then I'll revert the resistance to a support level for price to bounce off.
Should it hit 1.6200 and reverse, the original zones are still in play and a long term SELL will be my weapon of choice.
I am a Premium Student of the Diamond Forex Academy; instagram.com/diamondforex/
My personal tutor is Masum, a Top Author on TradingView; uk.tradingview.com/u/masumhussain/
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