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
註釋
Trendline broken to the upside.
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JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。