Home About the company Daily reviews EUR/AUD Trading Analysis (26/08/2024)

EUR/AUD Trading Analysis (26/08/2024)

26.08.2024

Bears are testing the 200 ЕМА level on the H4 timeframe. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the RSI indicator signals the oversold state.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
Stop-loss at 1.6448.
Price targets at 1.6650 and 1.6750.

#euraud #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Review topic

All Fundamental reviews Market news Premarkets Technical reviews