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EURAUD, The Triangle Pattern Completed
EURAUD has completed the ascending triangle this morning. We can long EUR against AUD, with a target of 1.62. The target is determined based on the triangle's height. We measure the height of a pattern and use that distance as our target.
Stop-loss should be placed below today's low. That gives us a great R:R.
Follow me for more trading ideas.
Stop-loss should be placed below today's low. That gives us a great R:R.
Follow me for more trading ideas.
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