Range is tightening, moving averages are flat, lots of wicks to show the boundary of the wedge. This all shows indication of an impending breakout.
Trade active
Long position @ 0.7207Trade closed: target reached
Closed @ 0.725It probably has some more room to run but I am already long aud on the euraud trade so I wanted this one to be quick and painless.
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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.