EURAUD Daily S/R| Bullish Divergence| Local S/R| Price Action
Evening Traders,
Today’s analysis – EURAUD – trading at key Daily S/R with a bullish divergence, further upside probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- RSI Bullish Divergence
- Low Volume
EURAUD’s immediate price action is at a key trade location where a bounce is probable allowing for a long bias.
The Local S/R is the objective, being at technical confluence with the .618 Fibonacci and 200 MA, resistance is to be expected.
The RSI is currently trading with a divergence, being played out will be indicative of strength in the market.
Overall, in my opinion, EURAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The hard, cold reality of trading is that every trade has an uncertain outcome.” ― Mark Douglas,
Today’s analysis – EURAUD – trading at key Daily S/R with a bullish divergence, further upside probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- RSI Bullish Divergence
- Low Volume
EURAUD’s immediate price action is at a key trade location where a bounce is probable allowing for a long bias.
The Local S/R is the objective, being at technical confluence with the .618 Fibonacci and 200 MA, resistance is to be expected.
The RSI is currently trading with a divergence, being played out will be indicative of strength in the market.
Overall, in my opinion, EURAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The hard, cold reality of trading is that every trade has an uncertain outcome.” ― Mark Douglas,