This is my latest analysis on EUR/AUD
Price Is In Consolidation And In A Range So ( You Shouldn't Be Trading This Pair Yet)
Based On The Sentiment Of The Market Im Expecting Euro To Gain Strength And Send EUR/AUD To The One Hour Resistance (1.71973) Which was tested twice in the past (white boxes)
Or It Could Test Major Resistance (1.73214) And Test And Reverse Or Test And Break It
One Powerful Confirmation For Me That Caught My Eye Was That On The Rsi Price Is Above The 30zone And It's Only At The 40 Level Letting Me Know Its A lot Of Room To Buy In The Pair
But Price Could Possibly Sell Towards Support (1.61197) If AUD News Be Good But Due To COVID-19 A lot Of Countries Are Weak So Im Sticking To Having A Long Position In The Market The Market (This Can Be Over 200 Pip Move)
Use Risk Management This Is How I Feel About This Pair So You Don't Have To Take This Trade
Price Is In Consolidation And In A Range So ( You Shouldn't Be Trading This Pair Yet)
Based On The Sentiment Of The Market Im Expecting Euro To Gain Strength And Send EUR/AUD To The One Hour Resistance (1.71973) Which was tested twice in the past (white boxes)
Or It Could Test Major Resistance (1.73214) And Test And Reverse Or Test And Break It
One Powerful Confirmation For Me That Caught My Eye Was That On The Rsi Price Is Above The 30zone And It's Only At The 40 Level Letting Me Know Its A lot Of Room To Buy In The Pair
But Price Could Possibly Sell Towards Support (1.61197) If AUD News Be Good But Due To COVID-19 A lot Of Countries Are Weak So Im Sticking To Having A Long Position In The Market The Market (This Can Be Over 200 Pip Move)
Use Risk Management This Is How I Feel About This Pair So You Don't Have To Take This Trade