EURAUD Long
EURAUD
-Forming a double bottom pattern.
we are waiting for price to reach the neckline and breakout before entering into a buy position.
-Price also formed a descending wedge and broke out, awaiting confirmation outside the wedge.
Entry options:
1. wait for price to break the neckline of the double bottom pattern than enter.
2. wait for the confirmation candle of the descending wedge and enter, but manage it around the neckline and if it breaks the neckline add to position.
-Forming a double bottom pattern.
we are waiting for price to reach the neckline and breakout before entering into a buy position.
-Price also formed a descending wedge and broke out, awaiting confirmation outside the wedge.
Entry options:
1. wait for price to break the neckline of the double bottom pattern than enter.
2. wait for the confirmation candle of the descending wedge and enter, but manage it around the neckline and if it breaks the neckline add to position.
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