I am watching for a reversal here EURAUD as marked on my chart, expecting a rejection with a upside target at around 1.798.
This are is where it can become a decision point, either price finds support and bounces, or it breaks below, and that’s when we might see the move start to extend lower.
If we get a decisive move upside, my next area of interest is marked as T2. From there we can expect either potential accumulation or another reaction, depending on broader market sentiment at the time.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
This are is where it can become a decision point, either price finds support and bounces, or it breaks below, and that’s when we might see the move start to extend lower.
If we get a decisive move upside, my next area of interest is marked as T2. From there we can expect either potential accumulation or another reaction, depending on broader market sentiment at the time.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Disclaimer
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