EURAUD: Possible Reversal
Updated
After a couple of failed reversals and dipping into the Demand Zone around 1.60000 (Psychological whole number), we could see another attempt at a reversal. Whether it’ll be a huge or small reversal won’t matter as I would only want to capture a 30 pips run if the opportunity presents itself in the M15 timeframe.
If prices however continue to go lower, we can expect it to go to the next major DZ at around 1.58900.
If prices however continue to go lower, we can expect it to go to the next major DZ at around 1.58900.
Trade closed: target reached
Target Profit reached! 🚀💰
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.