EURAUD (4H)
📊 EURAUD 4H Analysis
The market structure has shifted from a bullish trend (higher highs and higher lows) to a bearish one with the break of structure and a new lower low (LL).
We observed:
🔹 Impulsive Move breaking the bullish trendline.
🔹 Corrective Move retesting the supply zone.
🔹 A potential continuation to the downside is expected as the market may respect the supply zone and form new lower lows.
📉 Bias: Bearish.
The market structure has shifted from a bullish trend (higher highs and higher lows) to a bearish one with the break of structure and a new lower low (LL).
We observed:
🔹 Impulsive Move breaking the bullish trendline.
🔹 Corrective Move retesting the supply zone.
🔹 A potential continuation to the downside is expected as the market may respect the supply zone and form new lower lows.
📉 Bias: Bearish.
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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.
Related publications
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.