Eur Aud early look for a reversal or keep it "trendy"?!
Eur Aud is still in its uptrend but i will take a early look for a short reversal here .
What would drag me into a short trade would be the break of the Trendline and the s/r zone here in the best case the 200ma will be at the same place and gets broken too for tripple confirmation.
But as Trend is your friend and as i said we are technical in an uptrend i need to consider the long also.
For a long trade i would like to see price coming closer to the trendline and deeper into the s/r zone after this happens the smaller TF is the place to check for a nice trend continuation entry as always after a break of a minor resistance zone
What would drag me into a short trade would be the break of the Trendline and the s/r zone here in the best case the 200ma will be at the same place and gets broken too for tripple confirmation.
But as Trend is your friend and as i said we are technical in an uptrend i need to consider the long also.
For a long trade i would like to see price coming closer to the trendline and deeper into the s/r zone after this happens the smaller TF is the place to check for a nice trend continuation entry as always after a break of a minor resistance zone