EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.49864, 1.50289, 1.50552.
Key Support Levels: 1.49394, 1.49079, 1.48792.
The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and a series of lower highs and lows has been posted where further movement to the upside could be seen.
EUR/AUD Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 1.49437
Target Profit 1 @ 1.49864
Target Profit 2 @ 1.50289
Stop Loss @ 1.49012
Trade Safely 🙂