EURAUD can be bullish
EURAUD is in a bearish trend but it can be bullish because :
- it is close to weekly time frames support zone. and also it's close to channel line of daily time frame ; and trend can revers at this support level.
- if we check the legs of trend we'd noticed that the power of the bearish trend is decreasing.
- in the weekly time frame we had a bullish trend and it can continue that.
when will i trade ? when i observed a reversal pattern on the support level (weekly time frames support zone and trend line of the daily time frames channel).
When will my analysis be cancelled ? when the weekly time frames support zone broken whit a powerful weekly candle.
it's just my personal comment please don't trade with this. You can use it as a supplement to your analysis. thank you for your attention.
- it is close to weekly time frames support zone. and also it's close to channel line of daily time frame ; and trend can revers at this support level.
- if we check the legs of trend we'd noticed that the power of the bearish trend is decreasing.
- in the weekly time frame we had a bullish trend and it can continue that.
when will i trade ? when i observed a reversal pattern on the support level (weekly time frames support zone and trend line of the daily time frames channel).
When will my analysis be cancelled ? when the weekly time frames support zone broken whit a powerful weekly candle.
it's just my personal comment please don't trade with this. You can use it as a supplement to your analysis. thank you for your attention.
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