EURAUD Showing Strong Momentum: Awaiting Ideal Long Entry

This setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low.
Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
Catatan
price indeed made a retracement but not as deep as anticipated indicating buyers willing to buy higher and now it's trending higher
Chart PatternsTrend AnalysisWave Analysis

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