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
let see doooood!? already moved my SL to BE.
EURO against Australian Dollar , after a completely bearish week , Expecting this pair to off the Support area to see some buyers control this week, It may test the area of 1.59 for a breakout this week , if it happens it may trend a breakout price action.
This is a nice setup With multiple confluences- proper rejection zone, trend confirmation with 200 ema and entry done with stochatics.. Any queries- comment.... Happy Trading
make sure that you double-check the higher time frame