Looks as if we've reached a demand area here. Price seems to have taken out quite a bit of sell orders on the way down (Compression I believe). I will look to buy in this area Monday, and I will take half profits at the first area of supply, then will try to hold it to ultimate target around .8920....
I am by far no Julexo or Paraipan, but I've been monitoring the EURAUD, and I feel there could be a possible sell off coming up. We are in what seems to be a weekly supply area, and on the daily I believe we may have a possible reversal wedge forming. I am very new in the world of supply and demand and price action trading. I've attached two charts below; a weekly chart and a daily. I could be completely wrong, but I am open for any advice, or correction of any errors I have made so far.
