EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.58498, 1.58825, 1.59000.
Key Support Levels: 1.57431, 1.56840, 1.56032.
The price on the higher time frame succeeded to break the bearish trendline to the upside after the bears were trapped and this led to a reversal and a move to the upside. This uptrend can be noticed by the higher highs and lows.
EUR/AUD Medium-Term Trend: Bullish
5-Mins Time Frame:
On the lower time frame, the market succeeded to break the descending trendline to the upside after finding buyers below the 1.57425 AUD mark. Big bodied bars can be seen as well showing that the buyers are in control and might push the price again to the upside in the same direction of the main trend.
Buy Market Order @ 1.57570
TP 1 @ 1.58476
TP 2 @ 1.58825
Stop Loss @ 1.57117
Trade Safely 🙂