EURAUD | Don't miss this buy opportunity.
Updated
When it comes to the technical analysis of EURAUD , you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area. Just in case, if it breaks the support area, better don't go short; wait for the next support area(BEST ENTRY AREA 2).
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Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
If you find this technical analysis useful, please like & share our ideas with the community.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Note
As I thought, the first support has been broken. And I suggested you guys to get in from 'BEST ENTRY AREA 2' if that happens. Sorry, my mistake, seems like that area is also a bit weak. So there is a good chance the price might retest the previous demand area, which is around 1.43600, before it finds the TARGET 1.
Disclaimer
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