Carl_G
Long

EURAUD: PULLBACK IS FOR BUYING

FX:EURAUD   Euro / Australian Dollar
49 0 1
As seen on the chart a strong bullish 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 momentum 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 + bearish sentiment indication on the chart.
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