EURAUD mean reversion sling shot
Updated
EURAUD had a huge gap down on December 3rd (TV charts don't know these gaps on FX for some reason). It bounced strong that day, consolidated on the 4th and been on a tear since. It's right at a cluster of resistance and I'm expecting the run to pause here for a bit.
Looking for a retrace to the previous swing point support where it should also hit the 10/20 EMA dynamic support. I'll look to long there on any meangingful bull candle on the 4h/6h/8h/1d charts.
Looking for a retrace to the previous swing point support where it should also hit the 10/20 EMA dynamic support. I'll look to long there on any meangingful bull candle on the 4h/6h/8h/1d charts.
Comment
Beautiful price action so far.. bouncing on a really clean level. Anyone long here?
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