EUR.AUD - 1.5780 Reversal Opportunity

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Currency Pair: EUR.AUD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long

EUR.AUD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Nota
Price breaking and closing above the 1hr 50EMA.
A close above the 4hr descending trendline and 4hr 50EMA is required prior to a possible long opportunity.
Chart PatternsEURAUDhallandcotradingTechnical IndicatorsTrend Analysis

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