FOREXCOM:EURAUD is on a downtrend market structure and there is a possibility for it to retest the main consolidation zone but if price breaks out of the mini consolidation i will be looking for short entries.
here is what I will be following on euraud from my TA
kingdavidchart
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@transparent-fx yes euraud is still on a downtrend but for it to go up it is either I see a breakout of the high or a reversal pattern forming. But if I didn’t see any of them it is possible to breakout of the major support