歐元/澳元
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EURAUD ascending triangle pattern

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The formation of the ascending triangle pattern, along with the current price being at the lower trendline, and the stochastic divergence, as well as the price action indicating losing momentum marked by a doji candle, increases our optimism to go long.

The formation of 2 higher lows indicates a potential trend reversal. In the next 3 candles, we should see confirmation.

SL: 1.60411 (30 pips)
TP: 1.61611 (+3)
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Trend reversal formation

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