Hi Traders!
There is a falling wedge pattern on EURAUD, which signals a possible reversal of the bearish trend we have seen over the past couple of months.
Price Action 📊
An aggressive price rejection candle followed by a momentum swing suggests that bulls are currently in control of the market.
We are looking for a further bullish momentum break above the resistance trendline.
Fundamental Analysis 📰
Australia left their interest rates unchanged, and the statement from the RBA left traders unconfident about Australia's economic outlook.
Support 📉
1.63946: PREVIOUS DAY'S LOW
Resistance 📈
1.66430:RESISTANCE TRENDLINE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a falling wedge pattern on EURAUD, which signals a possible reversal of the bearish trend we have seen over the past couple of months.
Price Action 📊
An aggressive price rejection candle followed by a momentum swing suggests that bulls are currently in control of the market.
We are looking for a further bullish momentum break above the resistance trendline.
Fundamental Analysis 📰
Australia left their interest rates unchanged, and the statement from the RBA left traders unconfident about Australia's economic outlook.
Support 📉
1.63946: PREVIOUS DAY'S LOW
Resistance 📈
1.66430:RESISTANCE TRENDLINE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Anmerkung
Trendline broken to the upside.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.