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EURAUD is sitting around strong support in blue from Weekly so we will be looking for buy setups on lower timeframes.
on H4: EURAUD formed a valid channel pattern in red and inverse head and shoulders pattern in orange. But this buy isn't ready to go yet. We want the buyers to prove that they are taking over first.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Until the buy is activated, EURAUD would be overall bearish and can still break the support downward.
Good luck!
~Rich
EURAUD is sitting around strong support in blue from Weekly so we will be looking for buy setups on lower timeframes.
on H4: EURAUD formed a valid channel pattern in red and inverse head and shoulders pattern in orange. But this buy isn't ready to go yet. We want the buyers to prove that they are taking over first.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Until the buy is activated, EURAUD would be overall bearish and can still break the support downward.
Good luck!
~Rich
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT