EURAUD has recently hit a strong daily support level indicating a buying position. On the 4hr chart, we have a closed dojo candle which is confirming our entry. With this, we seem to have an oversold market on the RSI Indicator. When markets open we will be looking to Buy this position.
Waiting for this pair to pull back to support level before opening a buying position.
I am expecting a small bearish movement down to the trendline before opening a buying position. Be patient and wait for the touch of the Trendline before opening a buying position to collect a quick 100 pips. If the bottom trendline is not touched, be patient and wait for the sell position at the top of the trendline.