EURAUD: How to Catch Bullish Wave (Trading Plan)
Updated: Nov 2, 2020
EURAUD is approaching an important zone of confluence.
we see a perfect match between a horizontal daily support and a support line of a major rising channel .
on 1H the price is locally bearish .
the pair is steadily going down within a bullish flag pattern formation.
I will be waiting for its bullish breakout to initiate long trade.
the breakout must strictly happen from the underlined blue local demand zone .
first goal will be 1.665
in case of bearish violation of that zone, setup will be invalid.