EURAUD - Break of trendline & broken necklne of double bottom
Price at significant support level and at 50% fib retracement.
Neckline for double bottom broken to the upside.
Price also broke the descending trendline.
Initiated a small long here and will add once price action confirmed on close of 4 hour.
Neckline for double bottom broken to the upside.
Price also broke the descending trendline.
Initiated a small long here and will add once price action confirmed on close of 4 hour.
Trade active
Trade closed: stop reached
SL hit due to RBA news but the long terms setup is still valid. Watch PA above 1.5725 for re-entry.
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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.