EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.58075, 1.58365, 1.58546.
Key Support Levels: 1.57415, 1.56950, 1.56830.
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish channel to the upside where a consolidation period has been left below the strong support zone. We have see a big bullish bodied bar above the bespoke support with a long wick to the downside signaling that the buyers are about to push the price higher.
EUR/AUD Medium-Term Trend: Bullish
15-Mins Time Frame:
On the lower time frame, the price as well succeeded to break the bearish channel to the upside after finding buyers near the 50% Fibonacci retracement level. a lower correction could be seen before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.57417
TP 1 @ 1.57983
TP 2 @ 1.58365
Stop Loss @ 1.57135
Trade Safely 🙂