EURAUDI think that bullish cypher pattern has been completed. Hence the pair may reverse to bullish trend from demand zone after confirmation of breakout.
So this might be an accumulation area if bullish reversal is confirmed.
Trade at your own risk.
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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.