EUR/AUD ANALYSIS
Hi traders :) I'm Guario and here are some thoughts about EUR/AUD possible future price action. As we can see from the chart the pair, in the last 4 months has formed a descending triangle (green one) which gives us a bearish signal. The triangle, indeed, was broken on its upper side (small red box) but the pair seems to need more time to break up the 1.6356 level. Along with this descending triangle formation, the price movement has also formed a BAT pattern which gives us an other bullish signal. Talking about the operative section i suggest to set an entry order just a bit over the 1.6356 level. Look at the chart for possible stop and target points. Write me in comments for any question, thought or critic. Good luck :)
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