Get started
iyantim

EURAUD Long

Long
Euro / Australian Dollar (FX:EURAUD)  
iyantim Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Triangle Supply and Demand
5
0
trendanalysis triangle supplyanddemand
- 2 possibilities as seen on chart
I am in favour of a long position at retest of the symmetrical triangle before filling the wick from January
- however rejection of the descending trendline above will confirm a short position
Comment:
LONG after break and retest of triangle @1.62000

TP 1 @1.63000 (supply)
TP2 @1.65500 (-61.8%)

SL @ 1.61500 (invalidates trendline retest)
Comment:
TP 1 hit @ 1.63000, closing partial profits at 100+ pips
Letting other positions run risk-free
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.