EURAUD Formation of Symmetrical Triangle
Upon analysis of EURAUD on 1H timeframe, price was printing HHs and HLs and ended in forming a symmetrical triangle. RSI shows no divergence. Therefore, both buystop and sell stop entries have been marked upon breakout of symmetrical triangle. SLs have been placed at previous swing high and low respectively.
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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.