EUR/AUD has hit the 0.382 retracement nicely and is now showing possibility for a long entry. The 0.382 aligns with a strong support.
We have to wait for the next 4h candle to close.
If it doesn't break the 0.382, a long with good risk to reward is possible.
If it breaks, a short would be possible but I do not care for shorting as the EUR/AUD is in an uptrend.
Would like to see some other views on this!
We have to wait for the next 4h candle to close.
If it doesn't break the 0.382, a long with good risk to reward is possible.
If it breaks, a short would be possible but I do not care for shorting as the EUR/AUD is in an uptrend.
Would like to see some other views on this!