Carl_G
Long

EURAUD: PULLBACK IS FOR BUYING

FX:EURAUD   Euro Fx/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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