FX:EURAUD Euro Fx/Australian Dollar
On FX:EURAUD , the market moves sideways on 1H bars. Sellers (bears) are in control of the price today, but there is no clear . The price is getting close to structure low at 1.4958, which acts as resistance. It can be assumed that some sellers will lock their profits at those area and some buyers will step in to buy at structure low, which push the price up. Moreover, here is a valid , which increases the probability of this trade. It will finish its D leg soon and it can be a good opportunity to go long. Nice Risk Reward Ratio.