bullish trend seems to be taking place on the EURAUD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal. This pair can continue bullish trend, now current price at 1.5796 and strong support in hourly time frame at level 1.5774 there is possible chance price will move to up side. then next high price is 1.5847
I suggest to entry BUY with stoploss at 1.5761 and take profit at 1.5846
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit