EURAUD H4 LONG SETUP IDEA, 27 APRIL 2022

This pair looks like its moving to the upside, well at least technically on the H4 chart. Price has bounced off of the immediate support area @ 1.4788 and has printed a bullish candle, maybe a sign what is to come. The moving averages are also holding price to the upside and if you zoom out on this chart you will see a clear pattern of higher high and a higher low, and that tells me bulls are in control. If price however moves to the downside and break the first level of support than I will try long at the second level of support and if that fails I will stop buying. This could be the start of a bullish trend assuming everything goes according to plan.
Chart PatternsTrend AnalysisWave Analysis

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