Analysis for beginners: EURAUD – trendändring

The course bounced up. The important support 1.4632 is broken, which indicates the sequence of higher bottoms and peaks can be seen with the naked eye – see the diagram below.

Latest impulse is precisely corrected (note reached 50% of its abolition). This correction can be used to open long positions, which is consistent with the trend chart below.

A sequence of higher tops and bottoms can give a buy signal.

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