EURAUD Time for Reversal Long

EUR/AUDOANDA

Description

⋅ Jan 24, 2021 5:00 PM

Hello traders:

Looking at EURAUD now on the lower time frame to wait for bullish price action.

We see the latest price has fall into a potential reversal correction after a move down.

This is a good indication that the bearish move may not resume, and we can get some short term bullish move to come into the market.

Now the price has managed to break above the correction now, so lets wait for some continuation structure to develop and look for buy entry.

Thank you

Comment

⋅ Jan 25, 2021 4:24 PM

Comments

TheSignalyst

⋅ Jan 25, 2021 9:09 AM

Waiting for it patiently 😁

jojofang0901

⋅ Jan 25, 2021 4:08 PM

@TheSignalyst, :) certainly

abel11

⋅ Jan 25, 2021 7:21 AM

I appreciate your help, neat work.

jojofang0901

⋅ Jan 25, 2021 4:08 PM

@abel11, thank you bud

Dave-FX-Hunter

⋅ Jan 25, 2021 5:50 PM

Good view, thanks for sharing

jojofang0901

⋅ Jan 26, 2021 1:14 AM

@DaweFXHunter thank you 🙏

Simple_Renko

⋅ Jan 25, 2021 1:43 PM

I'm with ya on this one. Looking for this 1.5725 area to hold ; )

jojofang0901

⋅ Jan 25, 2021 4:08 PM

@Chris.cellura, nice lets see how the market develops.

Ha-Lion

⋅ Jan 25, 2021 2:25 PM

I am kind of disagreed with this analysis. I believe it will come down to 1.56 and then shoot back up. there is an strong support at that price and very strong resistance at 1.58. it will bounce little bit more before it breaks.

jojofang0901

⋅ Jan 25, 2021 4:07 PM

@Ha-Lion, Thats ok :) no one trader trades the same. In addition you trade S/R where as I don't so surely going to be different outlook and analysis of the market. Thank you