Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.635). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6335). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 77.
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@ramjane831, It's needed to look for a strong sign that shows it's a good time to buy like Hammer.
There are free articles about "Forming Hammer pattern in price" and "Forming a Shooting Star in the price" on the website.