✅EUR_AUD is trading in an uptrend And the pair was making a bearish correction But is now about to retest a horizontal support level That confluences with the rising trend-line From here I am expecting the pair to go up But the setup is risky so use small lot size LONG🚀
@ProSignalsFx, Rising Trendline got invalidated Risky indeed. Though if I look at it using pivots and and a line chart looking at the 18 - 25th Nov peak resistance, it still have room to go down before a bounce. Would prefer a double bottom before committing on the long trade though. Further risk as the broken rising trendline area could turn resistance. Either way it needs to retrace sooner or later. My 1 cent.