I will go straight to the point to state my view on EURAUD. A THREAD BELOW.
註釋
Moving to the 4 hour timeframe, market has been down trending. Another thing you can sight is that there is a potential double bottom forming and remember that area was also a good support area on the daily timeframe. Does it mean that price will break out from the channel and continue its bull run? Let’s have a close look at instances that might happen on the 1 hour timeframe.
註釋
The second scenario is that the resistance is that area might reject price which would mean price coming back to the test the support region below which it might hold or breakout signaling that it might be the right time to short the market.
Disclaimer: This is not financial advice. This content is just for educational/entertainment purposes only. Do well to drop your comments and contributions on this too. Trade safely.
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