EUR/AUD Bouncing at the Range
🔸4H CHART EXPLANATION:
.
.
🔸Price broke the Descending Trendline.
.
🔸It could not break the Resistance Zone to the upside.
.
🔸 Now, it has broken the short term Ascending Trendline to the downside. We consider that this pair has potential to reach the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price broke the Descending Trendline.
.
🔸It could not break the Resistance Zone to the upside.
.
🔸 Now, it has broken the short term Ascending Trendline to the downside. We consider that this pair has potential to reach the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
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.