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csohrab
Jan 11, 2020 9:43 PM

EURAUD Reversal in full effect Long

Euro Fx/Australian DollarFXCM

Description

Last time we analyzed EURAUD we identified the reversal pattern and successfully captured 250 pips. This time EA is forming a bullish flag pattern for the next leg up. This is a great trade going into next week. Price is currently at the 61.8% of the initial move and is confluent with psychological support 1.61. As long as support holds look for price to make an impulsive movement upward before going long. Potentially another 250-300 pip move. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
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