EUR/AUD update
Examining price of EUR/AUD
- Price is still trading within 1D market structure (previous market structure high broken.)
Market structure breaks are a useful signal for determining which way price wants to go.
1W shows price closing above demand zone with a long healthy wick dipping into the zone. (stop run potentially.)
If price would have closed deeper within the demand zone or with a sell candlestick, call would be invalidated.
Price has began to head back to marked 1W supply zone.
Waiting for definite confirmation that buyers are in control.
Double bottom is still valid.
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