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Trading suggestion: There is a possibility of temporary retracement to the suggested support line (1.5510). . 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...
as seen on chart there is double top and it clearly means that trend reversal. then additional trendline also broken and i am sure it will go down 80% chances and i am placing stoploss just above the dounle top. trade safely.
EURAUD to test the previous support zone.
RUNNING FLAT PATTERN EURAUD IS IN THE LAST LEG OF CORRECTION(a 5 sub wave move) WHICH COULD GO BEYOND THE PREVIOUS LOW MADE DURING MAJOR 'A' WAVE. IN IT'S PREVIOUSLY 2 LEGS IT HAS SHOWN A 3 SUB WAVE CORRECTIVE MOVE.
Descending triangle seen, and could push price through the key support level seen, and price could continue to the downside through the gap space to the next key level.
looks like 1st correction ended & now its good to move further.?
Always enter any position with 1% risk as we are targeting high rewards. EURAUD is respecting this level and there's a FIB retracement zone as well, HIHGH PROBABILITY TRADE
EURAUD PAIR MOVED AS PER OUT THECHNICAL ANALYSIS