EURAUD possible play
EURAUD has made a huge recovery from the 1.4150 area. The daily candle suggests further upside move but we will only take the trade on the breakout. Inverted H&S pattern is formed and this also is in line with our expectation that the pair will make further move to the upside after the breakout.
Note
target of the breakout would be 1.4770Note
this is no longer valid as breakout did not occur.
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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.
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.