EURAUD REVERSAL OPPORTUNITY
Price action since price rejected from its major support has shown us an Impulsive move following a Bullish Wedge bring price back down to a bullish 38% retracement. I've shown 2 ideal areas to buy in case if this scenario plays out, #1 Entry idea being more aggressive than #2, #2 would be price breaking its most recent resistance and entering the pullback into new support.
If price breaks below the First Swing Low then Price is Continuing its downtrend.
If price breaks below the First Swing Low then Price is Continuing its downtrend.
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