EUR/AUD formed an inverse cup and handle pattern and made a breakout too.
The cup and handle is a strong continuation pattern and it has formed after a strong down move.
Furthermore, it has opened the week with a negative note(gap down). The pair can either fill the gap or not, but it has painted red all over it. So be a bear in the counter.
The cup and handle is a strong continuation pattern and it has formed after a strong down move.
Furthermore, it has opened the week with a negative note(gap down). The pair can either fill the gap or not, but it has painted red all over it. So be a bear in the counter.
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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.