FX:EURAUD Euro Fx/Australian Dollar
As seen on the chart a strong engulfing signal and a close above the T-Line indicates a change in investor sentiment. This is also lining up with order flow and the currently forming divergence. Any pullback is for buying and I am expecting price to be held by the T-Line for further to the upside. SL is set just below the demand zone. Additional note is that price is now trading above the 50 MA and 20 MA. Target is to stay long for as long as price is trading above the T-Line and/or until there is a change in order flow + sentiment indication on the chart.
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