EURAUD - potential cup & handle
It's tricky to chart on lower time frames when on market open this weekend sequence gets missing. I'm curious how this chart will look on Monday.
There is over 70% bearish sentiment on EA currently, with mixed data for both currencies in the last week.
So my plan for this one is wait until Monday for German Ifo Business Climate news and see where it will position. If data won't be too bad, EA has opportunity to plot c&h and continue up.
Please note that dashed white downward channel is just a sketch for now.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
There is over 70% bearish sentiment on EA currently, with mixed data for both currencies in the last week.
So my plan for this one is wait until Monday for German Ifo Business Climate news and see where it will position. If data won't be too bad, EA has opportunity to plot c&h and continue up.
Please note that dashed white downward channel is just a sketch for now.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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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.