EUR/AUD May fall 100+pips
Insight: Price is moving in a downwards trend and has formed a symmetrical triangle with support at 1.79441. Price is likely to head towards resistance at 1.80759 before a pull back to the downside.
Intraday - 4H
Trade: Sell
Sell or Below 1.7944
Entry: 1.7864
Target TP: 1.7829 & 1.7708
Pivot and Support 1.7944
Alternative scenario:
Trade: Buy
Buy or Above: 1.8297
Target TP: 1.8436 & 1.8583
Insight: Price is moving in a downwards trend and has formed a symmetrical triangle with support at 1.79441. Price is likely to head towards resistance at 1.80759 before a pull back to the downside.
Intraday - 4H
Trade: Sell
Sell or Below 1.7944
Entry: 1.7864
Target TP: 1.7829 & 1.7708
Pivot and Support 1.7944
Alternative scenario:
Trade: Buy
Buy or Above: 1.8297
Target TP: 1.8436 & 1.8583