Good Setup On EUR/AUD With A Good Detailed AnalysisPrice is standing at an old Resistance area that pushed the price strongly to the down side
And now it Turned into support a pretty strong support and on the daily timeframe the price failed multiple time to break it
we need to keep watching the price on the 4h time frame and to see the price reaction to the area this time if we have a good bullish price action we can enter a buy trade and put our target at the previous high
if the price managed to close below the area on the daily time frame it will be a nice sell setup
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GBP/AUD Broke The Major Supp Can We Have A Sell Setup ?!there is this minor support that exists on the daily and the 4h timeframe
The support is broken aggressively to the downside which leads to a bearish movement
We need to see a daily candle closure under the support to be sure it will go to the downside
if we have the closure you set a sell limit trade from the support to have a smaller stop loss or enter directedly
Detailed Analysis For GBP/AUD To Learn And Tradethere is this minor support that exists on the daily and the 4h timeframe
this supp pushed the price +790 pips once price touched the area
if we witness any good bullish price action in the 4h time frame we can enter a buy trade .. but the price action needs to be strong to confirm the movement to the upside
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Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.