Hello traders:
Looking at EURAUD now on the lower time frame to wait for bullish price action.
We see the latest price has fall into a potential reversal correction after a move down.
This is a good indication that the bearish move may not resume, and we can get some short term bullish move to come into the market.
Now the price has managed to break above the correction now, so lets wait for some continuation structure to develop and look for buy entry.
Thank you
Note
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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.