EURAUD - Break out from Trendline Signals Trend Reversal
EURAUD has broken out of both short term and relatively long term trendline after forming divergence on Awesome Oscillator. Break out also happens to have taken place after high volume bars. All this leads us to believe that trend reversal has taken place.
Note
We have seem a good bounce from our marked support zone. Lets see if its sustainable.Trade closed: target reached
Target achieved
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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.