Hello Traders
Here is my view on EURAUD.
ON daily time frame price gone back to test the recent support and it has found
support again.
On my H4 chart you can see that price broke above the trend line and tested
flip support to act as new resistance. If you can monitor closely you can see
that while price going to test the resistance it was making series of minor hh
and hl. I will be looking for breakout of the resistance zone since price found
support on daily time frame.
Here is my view on EURAUD.
ON daily time frame price gone back to test the recent support and it has found
support again.
On my H4 chart you can see that price broke above the trend line and tested
flip support to act as new resistance. If you can monitor closely you can see
that while price going to test the resistance it was making series of minor hh
and hl. I will be looking for breakout of the resistance zone since price found
support on daily time frame.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.