EUR/AUD May fall 50-100 pips
Price moving in a downwards trend near support at 1.7831 and unlikely to hit resistance at 1.8219. Price should bounce off the trend line and continue downwards.
Intraday - 4H
Trade: Sell
Entry 1.7782
Sell or Below: 1.7831
Target TP: 1.7730 & 1.7532
Pivot and Support 1.7831
Alternative scenario:
Trade: Buy
Bur or Above: 1.7831
Target TP: 1.8219 & 1.8433
Price moving in a downwards trend near support at 1.7831 and unlikely to hit resistance at 1.8219. Price should bounce off the trend line and continue downwards.
Intraday - 4H
Trade: Sell
Entry 1.7782
Sell or Below: 1.7831
Target TP: 1.7730 & 1.7532
Pivot and Support 1.7831
Alternative scenario:
Trade: Buy
Bur or Above: 1.7831
Target TP: 1.8219 & 1.8433
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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.
Disclaimer
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.