The EURAUD pair has been trading in a very nice range.
The lower blue area would be an excellent buy area and the upper blue area an excellent sell area.
I would not recommend to enter in the area in the middle.
It is best to wait for price to reenter the lower area to buy or the upper area to sell.
Like that it is possible to have a very attractive risk reward ratio.
Between the two always consider your risk first.
Best of PIPS