EUR/AUD Multiple Confirmations
On the Daily chart , we can see EUR/AUD trading in a big descending channel , and from where it is trading now, we expect some more downside before thinking about the break of the channel to the upside (The Bigger Picture).
For now, EUR/AUD , which is also trading inside a small descending channel , broke the (1.56023) major support level but retested it and turned it into a major resistance level creating an amazing sell opportunity as our stop loss will be only 15 pips.
For now, EUR/AUD , which is also trading inside a small descending channel , broke the (1.56023) major support level but retested it and turned it into a major resistance level creating an amazing sell opportunity as our stop loss will be only 15 pips.
Note
Perfectly as predicted, it reached our first target and broke it reaching the trendline of the bigger channel. It was an amazing trade, 120 pips just for free if your TP was at the first target I mentioned. Congrats.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.