EURAUD - Wait For The Trigger 🏹

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on DAILY: Left Chart
As per my last analysis, we know that EURAUD is sitting around a strong rejection zone as it is the intersection of a horizontal support in blue and a non-horizontal support in red.

So we will be looking for buy setups on lower timeframes.

on H1: Right Chart
EURAUD has been overall bearish medium-term. However, it is diving inside the daily support zone.

🏹 For the bulls to take over, for a potential shift in momentum, we need a break above the last major high in gray and upper orange trendline.

Meanwhile, EURAUD can still trade lower.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich