EUR-AUD STRUCTURE ANALYSIS|SWING LONG OPPORTUNITY

20 thg 8, 2020

The pair is trading in a range with a bullish momentum, within the context of a larger daily support confluence and the bullish triangle.

All that gives us a hint to expect a bullish breakout. However, the situation is complicated by the fact that the breakout up of the current range resistance will let the price out into the narrow red decision corridor, between the range resistance and the larger horizontal resistance.

1-IF both are broken>>

2-wait for pullback

3- enter a great swing long.

4-SL Below the level

If the range level stands, then we will see a pullback to the local support for accumulation of power for the new resistance re-test!

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