EURAUD 4H
Ultimately, I believe this needs to come back and retest the support/resistance from Mar 2020 line before we see any more big downside. This is a key level. At which point, I'd be more comfortable with a sell.
I can see this coming to create a double bottom on the Jan 2020 support before turning up to retest.
With that said, keep an eye on that Mar 2020 level; once we get there we could go up vs down.
Just wait for confirmation candles above/below key lines.
I can see this coming to create a double bottom on the Jan 2020 support before turning up to retest.
With that said, keep an eye on that Mar 2020 level; once we get there we could go up vs down.
Just wait for confirmation candles above/below key lines.
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.