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Examining price of EUR/AUD
- Price is still trading within 1D market structure (previous market structure high broken.)
Market structure breaks are a useful signal for determining which way price wants to go.
1W shows price closing above demand zone with a long healthy wick dipping into the zone. (stop run potentially.)
If price would have closed deeper within the demand zone or with a sell candlestick , call would be invalidated.
Price has began to head back to marked 1W supply zone .
Waiting for definite confirmation that buyers are in control.
Double bottom is still valid.
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