Hello and welcome to my Trade Idea of the currency pair EUR/AUD .
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a permanent uptrend.
Weekly: Weekly is bullish.
Daily: First of all we see a nice uptrend on daily. At the end of the trend, where we are now, a consolidation occur.
H4: On the h4 timeframe we draw the counter trendline as well the support and resistance areas.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a permanent uptrend.
Weekly: Weekly is bullish.
Daily: First of all we see a nice uptrend on daily. At the end of the trend, where we are now, a consolidation occur.
H4: On the h4 timeframe we draw the counter trendline as well the support and resistance areas.
Have a nice day.