This Is My Analysis On EUR/AUD
(This Pair Has News Monday So I Wont Be In This Pair Until Tuesday Depends On How The Market Looks Around New York Session)
But Price Bought From Support (Green Line) And Closed On A Good Note
Now Price Is Coming Towards A 4Hour Resistance (Orange Line)
Expecting Price To Either Continue To Buy Today And Reverse Once Price Gets In The Demand Zone To Test 38.2 To Buy Long Term To The Next Zone Which Is (1.81269)
Or Euro Could Just Finished Where They Left Off And Break That 4Hour Resistance
( Go On 1 Hour Or 30Minute Time Frame To Make Sure Price Don't Break Structure Or Break Your Moving Averages)
Economic Side Its More Contracts For EUR Long And Its More Contracts For AUD That's On The Short Side
Just WATCH OUT For The H4 Resistance (1.73188) Like I Said Price Could REVERSE
I Will Only Be Looking For Long Positions
If It Don't Buy I Wont Be In This Trade
(Place A Buy Stop Above The H4 Resistance Atleast 30-50 Pips Away From The Resistance Or Wait For Retest)
This Is My Own Analysis You Don't Have To Take This Trade Use Proper Risk Management
(This Pair Has News Monday So I Wont Be In This Pair Until Tuesday Depends On How The Market Looks Around New York Session)
But Price Bought From Support (Green Line) And Closed On A Good Note
Now Price Is Coming Towards A 4Hour Resistance (Orange Line)
Expecting Price To Either Continue To Buy Today And Reverse Once Price Gets In The Demand Zone To Test 38.2 To Buy Long Term To The Next Zone Which Is (1.81269)
Or Euro Could Just Finished Where They Left Off And Break That 4Hour Resistance
( Go On 1 Hour Or 30Minute Time Frame To Make Sure Price Don't Break Structure Or Break Your Moving Averages)
Economic Side Its More Contracts For EUR Long And Its More Contracts For AUD That's On The Short Side
Just WATCH OUT For The H4 Resistance (1.73188) Like I Said Price Could REVERSE
I Will Only Be Looking For Long Positions
If It Don't Buy I Wont Be In This Trade
(Place A Buy Stop Above The H4 Resistance Atleast 30-50 Pips Away From The Resistance Or Wait For Retest)
This Is My Own Analysis You Don't Have To Take This Trade Use Proper Risk Management