I am going long on EURAUD for a few reasons.
1) Price hit a demand zone and FVG. Demand zones are areas in which had a great value of orders and price abruptly
took off from that area on an impulse. Price has to mitigate and balance the markets. Causing pullbacks before continuing its course. - I have marked the demand zone
2) There is a Break of structure...
Previous break of structure. I believe that we are in a short term retracement on the 4hr.
IMO major buy opportunity. Trade at your own risk....This is not investment advice.
I have a more bullish bias because the euro is stronger than nzd right now. Not my strongest analysis, But I think that there has been plenty of rejection on the so far.
I am looking for a breakout to the highlighted portion.
USD is stronger than the peso and there is no negative news that should fluctuate price from technical points.
Lets see what happens
JPY is the strongest pair right now. Current Monetary policy news was decent. USD has been weak all day due to bad news.
Market entry Here to highlighted TP
