EUR/AUD formed an inverse cup and handle pattern and made a breakout too.
The cup and handle is a strong continuation pattern and it has formed after a strong down move.
Furthermore, it has opened the week with a negative note(gap down). The pair can either fill the gap or not, but it has painted red all over it. So be a bear in the counter.
The cup and handle is a strong continuation pattern and it has formed after a strong down move.
Furthermore, it has opened the week with a negative note(gap down). The pair can either fill the gap or not, but it has painted red all over it. So be a bear in the counter.