MtxTrader

EURAUD to Make Upside Push to Resistance Trendline

Long
FX:EURAUD   Euro / Australian Dollar
Price bounced from the support at 1.3700, and is now heading to the resistance trendline.

Price has validated this resistance trendline many times, so a rejection would indicate a short, and a breakout would indicate a long position.

For now I will be looking at the shorter time frames such as 1h and 4h to look for buy opportunities up to 1.4300
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