EURAUD has been moving sideways all 2022 with a very slight uptrend. After creating nothing but higher highs and higher lows, it has finally had a strong push and created a lower low.
After creating this lower low and bouncing off of the trend line, we have shot straight back up into the supply zone where we created the previous trend changing movement. Indicating a very strong supply zone.
Keep an eye on the 1H frame for a potential entry point to short EURAUD.
Let me know your analysis and your plan for the pair!
After creating this lower low and bouncing off of the trend line, we have shot straight back up into the supply zone where we created the previous trend changing movement. Indicating a very strong supply zone.
Keep an eye on the 1H frame for a potential entry point to short EURAUD.
Let me know your analysis and your plan for the pair!
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