EURAUD | Taking a pullback. Buy!

maxprofwizard Updated   
FOREXCOM:EURAUD   Euro / Australian Dollar
When it comes to the technical analysis of EURAUD, right now it is still in downtrend. But now you might get a pullback to the upside. We've seen price broken the major support because of stronger resistance area(please refer the previous idea I have shared). 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.

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!

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.
Order cancelled:
The support couldn't hold the price; which means it's gonna continue its downtrend.

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.