EURAUD Showing Strong Momentum: Awaiting Ideal Long Entry

8 thg 10

This setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low.
Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.

30 thg 10

Ghi chú

price indeed made a retracement but not as deep as anticipated indicating buyers willing to buy higher and now it's trending higher