💱EURAUD - Break of triangle support gives a signal
EURAUD failed to break through the resistance at 1.65000. Having formed a false breakdown, the price falls and breaks the support of the ascending triangle, thus opening a red carpet for itself
TA on the high timeframe:
1) Price in range. From resistance, price may reach support in the medium term
2) Weakness on the buy side will lead to a quick test of support
TA on the low timeframe:
1) a break of triangle support is a strong signal
2) Price breaks 1.6364 and heads towards 1.61868.
3) A retest of resistance is likely to follow.
Key support📉: 1.62500, 1.60961
Key resistance📈: 1.63640
TA on the high timeframe:
1) Price in range. From resistance, price may reach support in the medium term
2) Weakness on the buy side will lead to a quick test of support
TA on the low timeframe:
1) a break of triangle support is a strong signal
2) Price breaks 1.6364 and heads towards 1.61868.
3) A retest of resistance is likely to follow.
Key support📉: 1.62500, 1.60961
Key resistance📈: 1.63640
❤️ Telegram channel: t.me/AndeWave
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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.
❤️ Telegram channel: t.me/AndeWave
Related publications
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.