EURAUD-TRADE ANALYSIS-DAILY TF
EURAUD-TRADE ANALYSIS-DAILY TF
This pair is in a really interesting location right now. The gray box is a level that acted as resistance then support and has now come back down to the same support on the daily time frame. What happens at this zone is going to be vital in determining direction. My plan on this is, if price break below and hold below using current level as resistance then I will look to SHORT into next 4h Demand. If price rejects and buyers are able to hold current support, I will look to go LONG with SL just below 4h low
This pair is in a really interesting location right now. The gray box is a level that acted as resistance then support and has now come back down to the same support on the daily time frame. What happens at this zone is going to be vital in determining direction. My plan on this is, if price break below and hold below using current level as resistance then I will look to SHORT into next 4h Demand. If price rejects and buyers are able to hold current support, I will look to go LONG with SL just below 4h low
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