EURAUD beginning uptrend?
EURAUD had a downtrend which reached a big support/flip zone at the 1.5900 zone.
From here, we began to bottom, almost ranging and created what could be considered a triple bottom.
We had a nice push above the near term resistance/flip zone with a nice strong green candle. After the break, we did not gain momentum.
However, the recent close broke above these 4 hour candles and indicated our first higher low in what could be a new trend.
From here, we began to bottom, almost ranging and created what could be considered a triple bottom.
We had a nice push above the near term resistance/flip zone with a nice strong green candle. After the break, we did not gain momentum.
However, the recent close broke above these 4 hour candles and indicated our first higher low in what could be a new trend.
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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.