Potential Trading Setup: EUR/AUD analysis
Price has shown 4 to 5 days of consecutive bullish momentum to the upside. However, we are approaching a key area of resistance which has proved to be a reversal region in the previous yearly highs. Awaiting for candlestick confirmation of signs of buying exhaustion before reversing to the confluence target zone of 1.61555 for a new swing low.
- possibly great risk-reward, with SL 20 pips above the high, and targeting 155 pips
- possibly great risk-reward, with SL 20 pips above the high, and targeting 155 pips
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