EURAUD OUTLOOK
Price trading inside bearish channel but has formed a double bottom formation with it's price currently at a key order block.
If it rejects from there area, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse long entries can be taken once price rejects that region.
We had our buys set up with potential downside in the R:R ratio of 1:4.
Price trading inside bearish channel but has formed a double bottom formation with it's price currently at a key order block.
If it rejects from there area, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse long entries can be taken once price rejects that region.
We had our buys set up with potential downside in the R:R ratio of 1:4.