EURAUD D1 Chart
There is forming on already. The pressure is there. However keep in mind we might see price dropping to 1.4140 or even down to 1.3880 if the current support doesn’t hold.
is already present. If that turns out to be a false break, as price is currently sitting on a very strong , and we see a break above the last high (green dotten line), I will be looking for pullbacks and then long the pair.
Set your stop loss below the last low.
If the pair breaks down last low and the support, creating a new low we could be looking for the exact same setup but with different levels.