EURAUD formed a continuous pattern showing that the pair will be bullish for the time, in respect to this I expect a retrace to the 50 Exponential moving average and then buy towards the next four hours high as the take profit zone.
Trade active
⋅
Our analysis was a good and we saw how price retest our area as it formed a inverse head and shoulder pattern and now we have a high target of the high of the flag pattern, we look to retest the 50EMA and buy to the highs of 1.66740
Trade active
⋅
Price is currently at our point of interest and now our target is 1.66050 and no longer 1.66740, all we have to wait for are entry signals to buy