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Euro / Australian Dollar
Long
Updated

EURAUD Watch for this bullish reversal.

1 077


Hi traders:

EURAUD has been in a corrective structure for quite sometimes now.

We see price moved down within this descending channel, correcting the price to a potential double bottoms on the higher time frame.

Then bullish move in the LTF, push up the price, begin to form consolidations.

Either expect this wedge/channel the LTF to breakout of the HTF descending channel, then look for continuation correction to buy.
Or
We may see price move down once more again correctively to form a LTF double bottoms before the big reversal.

Thank you
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jojofang0901
Also on:
Chart PatternscorrectionDouble BottomFlagimpulseParallel ChannelpatternpriceactionstructureWedge

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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.
Chart PatternscorrectionDouble BottomFlagimpulseParallel ChannelpatternpriceactionstructureWedge
jojofang0901
Also on:

Related publications

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.