Hi Traders!
There is a falling wedge pattern on EURAUD, which signals a possible reversal of the bearish trend we have seen over the past couple of months.
Price Action 📊
An aggressive price rejection candle followed by a momentum swing suggests that bulls are currently in control of the market.
We are looking for a further bullish momentum break above the resistance trendline.
Fundamental Analysis 📰
Australia left their interest rates unchanged, and the statement from the RBA left traders unconfident about Australia's economic outlook.
Support 📉
1.63946: PREVIOUS DAY'S LOW
Resistance 📈
1.66430:RESISTANCE TRENDLINE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a falling wedge pattern on EURAUD, which signals a possible reversal of the bearish trend we have seen over the past couple of months.
Price Action 📊
An aggressive price rejection candle followed by a momentum swing suggests that bulls are currently in control of the market.
We are looking for a further bullish momentum break above the resistance trendline.
Fundamental Analysis 📰
Australia left their interest rates unchanged, and the statement from the RBA left traders unconfident about Australia's economic outlook.
Support 📉
1.63946: PREVIOUS DAY'S LOW
Resistance 📈
1.66430:RESISTANCE TRENDLINE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Note
Trendline broken to the upside.
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t.me/bluetonaFX
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.