Euro / Australian Dollar
Long
Updated

EURAUD: DESCENDING BREAKOUT TREND CONTINUATION-BULLISH

Hello fellows,

With the proof of wedge breakout, the pair EURAUD printing the price range @1.58656. An impulse from the 1.52760 reversed the price range and brought the price range to the bull area. The descending wedge breakout gives a stable rise for the price range the quotes may fetch the 1.61421.

On the count of reversal, the price range may form a pullback setup in order to reverse the trend, in that case, end the trade @ 1.56700.

SIGNAL SPECIFICATION

Entry: 1.58656

Tp: 1.61421

Sl: 1.57000

Risk Vs Reward: 1.67

HIT LIKE, COMMENT AND FOLLOW FOR MORE PROFITABLE TRADES.


Trade active
The pair marked an Impulse towards the top. As I mentioned, the descending wedge breakout gave a stable raise for the price range. 19.6 Green pips.

HAPPY TRADING.

snapshot
Trade active
The pair EURAUD still marking its potential in Uptrend 22.2 Green pips.

HAPPY TRADING

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Trade closed: target reached
The pair EURAUD made 27.7 Green pips.

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