This is not financial advice. The following is solely my personal opinion and should not be taken as investment guidance. I strongly recommend consulting a qualified financial expert before making any trading decisions.
In my analysis, EURAUD has maintained a bullish structure, with price yet to break below the major external swing low. As a result, I continue to favor long positions unless market conditions indicate otherwise.
A key Point of Interest (POI) was recently mitigated, and price is now forming new structural patterns. This development has introduced a fresh demand zone, visible from the four-hour down to the one-hour timeframe. For traders who may have missed the initial move, this newly established zone could present potential trading opportunities.
In my analysis, EURAUD has maintained a bullish structure, with price yet to break below the major external swing low. As a result, I continue to favor long positions unless market conditions indicate otherwise.
A key Point of Interest (POI) was recently mitigated, and price is now forming new structural patterns. This development has introduced a fresh demand zone, visible from the four-hour down to the one-hour timeframe. For traders who may have missed the initial move, this newly established zone could present potential trading opportunities.
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.
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.