EURAUD: Your Trading Plan For Next Week Explained
EURAUD is currently in a long-term uptrend on the daily chart.
At the beginning of the year, the price created a large ascending triangle pattern, which is a common bullish formation.
A significant bullish signal would be a breakout above the resistance line, which acts as the neckline of the pattern.
Confirmation of buyer strength and a continuation of the bullish trend would come with a 4-hour candle closing above this level. The next target for the price would be 1.6761.
At the beginning of the year, the price created a large ascending triangle pattern, which is a common bullish formation.
A significant bullish signal would be a breakout above the resistance line, which acts as the neckline of the pattern.
Confirmation of buyer strength and a continuation of the bullish trend would come with a 4-hour candle closing above this level. The next target for the price would be 1.6761.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.