Strong support could lead to reverse EURAUD
Gotta say it's been a pretty unique and strong down trend for a long time, but the reverse is possibly here. It looks like it's slowing down at the moment on a strong support level. I got a good feeling it will break trendline and go up any moment.
My goal will be on the top of the most recent decending trendline because the market tends to pull back to around that level.
My goal will be on the top of the most recent decending trendline because the market tends to pull back to around that level.
Note
My tp will be on 1.55592 because that will be 2 pips away from major structure.
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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.