EURAUD Showing Strong Momentum: Awaiting Ideal Long Entry
This setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low.
Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
Note
price indeed made a retracement but not as deep as anticipated indicating buyers willing to buy higher and now it's trending higher
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