EUR/AUD Regular Bullish Divergence At D L3 Camarilla Support
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The EUR/AUD has formed a regular bullish divergence exactly at D L3 support.. The double top could break to the upside and 1.5370-80 could be a breakout zone which could spike the price up to 1.5410, 1.5440 and 1.5485. The pair has already break below W L5 and while its capped above 1.5340 we could see a retest. For intraday targets 1.5439 and 1.5457 is the zone should the price proceed above the breakout point.
W L3 - Weekly Camarilla Pivot (Weekly Interim Support)
W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)
POC - Point Of Confluence (The zone where we expect price to react aka entry zone).
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