EURAUD Long
Reasons for bias:
-Falling wedge reversal pattern
-3 hits of upper trendline of falling wedge
-Multiple rejections at 1.45990 level
-Expecting price to break up and continue up to 1.53320 level
Confirmations to look for:
-Break of upper trendlife of walling wedge
or for less risky entry
-Break AND rejection of upper trendline of the wedge
No confirmation = no entry
This is just idea, not trading advice, use at own risk.
-Falling wedge reversal pattern
-3 hits of upper trendline of falling wedge
-Multiple rejections at 1.45990 level
-Expecting price to break up and continue up to 1.53320 level
Confirmations to look for:
-Break of upper trendlife of walling wedge
or for less risky entry
-Break AND rejection of upper trendline of the wedge
No confirmation = no entry
This is just idea, not trading advice, use at own risk.
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