Rounding Bottom has formed on EUR/AUD.
The momentum was so strong it didn't form a handle or rounding bottom for a W formation.
This means, demand side is strong and we can expect a ton of upside to come.
RSI>50 =70
Bullish bias
Target1.6816
CONCERNS:
I like to wait for a breakout confirmed before I get into a trade like this. This means, only if the candle opens above the breakout resistance tomorrow will I get into this long.
The momentum was so strong it didn't form a handle or rounding bottom for a W formation.
This means, demand side is strong and we can expect a ton of upside to come.
RSI>50 =70
Bullish bias
Target1.6816
CONCERNS:
I like to wait for a breakout confirmed before I get into a trade like this. This means, only if the candle opens above the breakout resistance tomorrow will I get into this long.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.