BUYING oppurtunity for EURAUD

FX:EURAUD   Euro Fx/Australian Dollar
57 0 1
a year ago

In the big picture the pairs are in an range no clear trend and we are on the bottom and price seems to be holding.
Profitable wedge reversal pattern.
But there is one probleme here, On the 15min chart we see another wedge pattern that indicates that price could go down even more.
It's uncertain what is going to happen so I am just waiting and if the wedge pattern is valid the entry could be even better and risk would be significantly lower.
a year ago
Comment: Forget to mention that If price goes faster up I am going to take half my positions and take profit on second resistance.
If price goes slowly I will take my profits on first resistance because There needs to be a strong uptred to reach to the second resistance
a year ago
Trade closed: stop reached
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