Lingrid | EURAUD short OPPORTUNITY in CHOPPY market
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The price perfectly fulfilled my previous idea. It hit the ratrget. EURAUD market is currently stuck in a range, oscillating between a resistance zone and a support levels within a downward channel. After a recent impulsive bearish move, the price has pulled back to the resistance zone. As the market approaches equal highs and an upward trendline, I'm anticipating a potential reversal from this resistance level. The consolidation zone suggests that the market is most likely to move sideways, until clear trend presents itself by breaking out of it. My goal is the support level at 1.63050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ๐ฉโ๐ป
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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.