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RiosTrades

EURAUD Bullish Opportunity

Long
Euro / Australian Dollar (FX:EURAUD)  
RiosTrades  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators EURAUD EUR aud Bullish Patterns descending reversal Double Bottom Fibonacci
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trendanalysis chartpattern indicator euraud eur aud bullish descending reversal doublebottom fibonacci
We have here a bright set up for the reasons below
-Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter
-Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout
-Price retesting its descending trend line 1 more time then gives us a strong trend continuation trade at our trend line and the 38% retracement signifying its still a bearish market with optimal RR on the trading idea.
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