EURAUD possible trend reversal
Support was broken at 1.61255. And the pair has been trending on the downside, until it recently reached a level of support at 1.52551(*a multiple support area in 2018 ,2019). At this support level 1.52551 the market formed a double bottom with the first touch being a strong bullish engulfing pattern and the second touch being a bullish pin-bar with a higher low compared to the first touch, and the pinbar has a tail sticking out from all the previous candles. Signaling a possible Long setup ,entry point a few pips above the recent pinbar and the stop loss at the bottom of the pin bar, use proper risk management. Tp1 and Tp2 on the chart,
please tell me what you think I'm a newbie
please tell me what you think I'm a newbie
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