EURAUD / Here's anotherr greaat opportunity!

Here we have EURAUD;

I'm eyeing TWO bullish patterns
If reverse h&s fails; I'm expecting a pullback, forming a bullish ascending triangle (refer to yellow line)

Indicators showing bullish divergence (looong term!)

This is great play with low / risk ratio.

As always patiencee is keey!!
You wait,
You WIN!!

Trade active:

We managed to catch 120 pips;

This is great time to BUY and hold position until strong resistance at 1.60323 & even higher levels if it breaks. Which is is most likely!!

We are in demand zone; great time to be buying.

Comment:

LONG TERM; I;m remaining bullish!!

We have a nice bullish pennant forming; It Failed to break twice; However when and when we manage to hold above white upper line; Expect to EUR to reach higher levels.