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This market is giving us a great opportunity! I suggest you to have a quick look on the "EURAUD" Daily Chart to understand with a different perspective the reasons of this market's movement.
You could check it out clicking the link here below:
Let's focus now on the area that interests us:
The price is actually following a clear FALLING WEDGE Pattern and it's just reached an important support area.
In a daily perspective the price is clearly moving inside a descending channel and it's probably ready for a trend correction.
IF THE PRICE will break the falling wedge pattern, you might consider the following trade details:
ENTRY POINT: 1.58722
TAKE PROFIT: 1.60300
STOP LOSS: 1.57700
RISK/REWARD RATIO: 1.6
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
This market is giving us a great opportunity! I suggest you to have a quick look on the "EURAUD" Daily Chart to understand with a different perspective the reasons of this market's movement.
You could check it out clicking the link here below:
Let's focus now on the area that interests us:
The price is actually following a clear FALLING WEDGE Pattern and it's just reached an important support area.
In a daily perspective the price is clearly moving inside a descending channel and it's probably ready for a trend correction.
IF THE PRICE will break the falling wedge pattern, you might consider the following trade details:
ENTRY POINT: 1.58722
TAKE PROFIT: 1.60300
STOP LOSS: 1.57700
RISK/REWARD RATIO: 1.6
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
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