EURAUD - LONG
Updated
A higher time frame bullish flag pattern in the formation with a false breakout and retracement in the form of a bullish flag pattern. As we zoom in to the lower time frame we identify patterns within patterns as we analyse a bullish flag pattern with a three touch confirmation on its low and bullish rejection for entry of LONG POSITION towards the upside.
Trade active
Bearish descending channel formed and entry taken on third touch for reversal!Trade closed: stop reached
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