EUR/AUD Trading Analysis (21/02/2024)

The trend is ascending. The downward wave structure is truncated. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 1.6450.

Target price levels at 1.6560 and 1.6606.

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