EURAUD LONG
EURAUD LONG: The trend is bullish at daily charts, moving with a higher high and higher low sequence. Recently, a double bottom was created at the daily charts, and its neckline broke above. It is currently retesting the neckline within the same time frame. This retesting area serves as a strong support for us.
In the hourly chart, there is a double bottom pattern and a falling channel. Both patterns' necklines have broken above, and we are now waiting for a retest.
Entry: 1.6401
Stop loss: 1.6345
Take profit: 1.6501.
In the hourly chart, there is a double bottom pattern and a falling channel. Both patterns' necklines have broken above, and we are now waiting for a retest.
Entry: 1.6401
Stop loss: 1.6345
Take profit: 1.6501.
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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.