EURAUD - Buy Setup Forming!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

EURAUD is sitting around strong support in blue from Weekly so we will be looking for buy setups on lower timeframes.

on H4: EURAUD formed a valid channel pattern in red so we are waiting for a new swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Until the buy is activated, EURAUD would be overall bearish and can still break the support downward.

Good luck!

~Rich