Eur/Aud(Buy,long)

13 thg 11, 2020

Hello everyone,

Today my prediction for the pair of Eur/Aud is buy, because we can see that Euro is obviously is gaining the steam.
For tehnical point of view we can see below 3 moving averages which is very good signal for buy.
To enter to Eur,Aud I preffer to see break off resistance line as confirmation that trend will continue to go upside.
What is good at the moment is decline of resistance line but it is not forming a LL and LH on resistance line, last candle a gravestone doji was formed but it was decline with bullish candle.
I preffer a TP on next resistance line or that is on price 1.64912
WHAT DO YOU THINK ABOUT THIS SETUP?

Please let me know in the comment section!

THANKS FOR READING!

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.