EURAUD Reversal Pattern

This idea is similar to my GBPAUD idea which is still valid. Awaiting the break and close is our trigger.

EURAUD hit a resistance zone at 1.6320. We have been in an uptrend, but one factor which goes against this idea would be the swings, or higher lows, are not very prominent. However, there are 2 swings in the trend which is good for our trading.

We can see the bounce to make another higher low has been sold. It appears we will be making our FIRST lower high with the break of the 1.6210 zone.

This is the zone I am watching for a break.

1.6120 is a previous flip zone and 1.6095 is a demand zone both of which we can target.