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TheSignalyst

EURAUD potential 5R bullish idea

Long
Euro / Australian Dollar (FX:EURAUD)  
TheSignalyst  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators EURAUD goodrrr Good Risk/Reward 5r buy Bullish Patterns reversal breakout
16
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trendanalysis chartpattern indicator euraud goodrrr goodriskreward 5r buy bullish reversal breakout
on DAILY: EURAUD is sitting around strong support in purple 1.660 so we will be looking for objective buy setups on lower timeframes.

on M30: price formed an objective symmetrical triangle in red and broke it upward.

we also have divergence on MACD adding more confluence to our setup.
This analysis is done using RichTL
www.RichTL.com

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