EURAUD is in a Descending Triangle on the Daily Time Frame.
We are currently back at the bottom of the Triangle and at a Major Support level.
This is a good spot to look for some sort of bottoming pattern on the Lower Time Frames such as a Double Bottom or some other simple pattern in this support level. The RSI is setting up to give us some really good Divergence if the DB occurs. I will be looking for a descent size bounce since this Support level is on the Daily and has acted as very strong support all year.
We are currently back at the bottom of the Triangle and at a Major Support level.
This is a good spot to look for some sort of bottoming pattern on the Lower Time Frames such as a Double Bottom or some other simple pattern in this support level. The RSI is setting up to give us some really good Divergence if the DB occurs. I will be looking for a descent size bounce since this Support level is on the Daily and has acted as very strong support all year.
Ordine annullato
Never got a Double Bottom Pattern.. Not getting a Double Bottom kept me out of this losing trade.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.