PateSkpate
Long

EURAUD @ Daily Support

FX:EURAUD   Euro Fx/Australian Dollar
EURAUD             is in a Descending Triangle on the Daily Time Frame.

We are currently back at the bottom of the Triangle and at a Major Support level .

This is a good spot to look for some sort of bottoming pattern on the Lower Time Frames such as a Double Bottom or some other simple pattern in this support level . The RSI is setting up to give us some really good Divergence if the DB             occurs. I will be looking for a descent size bounce since this Support level is on the Daily and has acted as very strong support all year.
Order cancelled: Never got a Double Bottom Pattern.. Not getting a Double Bottom kept me out of this losing trade.
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