EURAUD LONG, Again?
Looks like price wants to bounce off this exhaustion zone once again. Could be common sense to take this one but I still see bearish vibes on the higher TFs. I see uptrend structure with this recent higher low being created although we haven't seen a BOS. Possible W pattern as well. Entry might be slightly early so scaling in all throughout the exhaustion zone to create an average price could maximize this setup.
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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.