EURAUD At Key Resistance - Long/Short Ideas in play
W1 - bearish hidden. Expecting further continuation lower.
D1 - Potential bearish divergence
H4 - Potential bearish divergence.
In the long run i'd look for sell setups only. However in the mid-short term scale, we might be taking advantage from bullish as well as bearish opportunities.
It is all based on resistance where the price is trading at the moment. Valid breakout above would mean possible bullish opportunities.
Bearish convergence on H4 + impulsive structure would suggest bearish continuation.
D1 - Potential bearish divergence
H4 - Potential bearish divergence.
In the long run i'd look for sell setups only. However in the mid-short term scale, we might be taking advantage from bullish as well as bearish opportunities.
It is all based on resistance where the price is trading at the moment. Valid breakout above would mean possible bullish opportunities.
Bearish convergence on H4 + impulsive structure would suggest bearish continuation.