Long EURAUD towards 1.6500 Level
Updated
The blue box might be an early entry on the cross which is around 1.6230-1.6200 region. However, I would prefer rejection occur at 1.6170-1.6180 level before Long. A price closure below this suggested buying price would send a signal that the Bear is trying to sink the price lower towards 1.6000-1.5900.
Trade active
1.6200 holding the price from making another lower towards 1.6170. A clean breakout above 1.6250 is needed to reassure this Long trade is not a Bull Trap.
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.