📈 Bullish Momentum Unleashed! 📈
🧠 Technical Breakdown: EUR/AUD has just broken out of a Descending Triangle pattern on the 4H chart — a classic bullish signal! After consolidating with a flat support at 1.7999 and a descending resistance trendline, the price has surged above 1.7700 confirming the breakout. Buyers are stepping in strong, and this setup is primed for a solid upward move!
📍 Key Insights:
◾ Pattern: Descending Triangle — bullish breakout confirmed.
◾ Breakout Triggered: Price broke above the descending trendline at 1.7955.
◾ Flat Support: 1.7750 level held firm, acting as a launchpad for bulls.
◾ Target Zone: 1.8650 — next major resistance area based on prior highs.
🎯 Trade Setup:
🔴 Entry: 1.7999 (on breakout confirmation)
🟢 Stop Loss: 1.7300 (below the flat support for safety)
🎯 Target: 1.8650 — key resistance and take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakout level around 1.7955 as support before the next leg up — stay patient to avoid fakeouts!
🔥 Final Thoughts: EUR/AUD is showing strong bullish momentum after this Descending Triangle breakout! With buyers in control, we’re targeting 1.8650 for a solid gain. Let’s ride this wave and secure those pips — trade smart and manage your risk! 💥
🧠 Technical Breakdown: EUR/AUD has just broken out of a Descending Triangle pattern on the 4H chart — a classic bullish signal! After consolidating with a flat support at 1.7999 and a descending resistance trendline, the price has surged above 1.7700 confirming the breakout. Buyers are stepping in strong, and this setup is primed for a solid upward move!
📍 Key Insights:
◾ Pattern: Descending Triangle — bullish breakout confirmed.
◾ Breakout Triggered: Price broke above the descending trendline at 1.7955.
◾ Flat Support: 1.7750 level held firm, acting as a launchpad for bulls.
◾ Target Zone: 1.8650 — next major resistance area based on prior highs.
🎯 Trade Setup:
🔴 Entry: 1.7999 (on breakout confirmation)
🟢 Stop Loss: 1.7300 (below the flat support for safety)
🎯 Target: 1.8650 — key resistance and take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakout level around 1.7955 as support before the next leg up — stay patient to avoid fakeouts!
🔥 Final Thoughts: EUR/AUD is showing strong bullish momentum after this Descending Triangle breakout! With buyers in control, we’re targeting 1.8650 for a solid gain. Let’s ride this wave and secure those pips — trade smart and manage your risk! 💥
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.