EUR/AUD Weekly Outlook 27/1/2020 to 31/1/2020

FX:EURAUD   Euro / Australian Dollar
Weekly - Bullish momentum from Feb'17 getting slow. Not be able to print new HH. Now,in Descending Triangle , rejecting the upper triangle trendline for past few weeks

Daily - In big Descending Triangle . Friday candle close ad doji , indicating trend reversal
H4 - Graph in Symmetrical Triangle in Descending Triangle

To do : Wait for B/O in H4 Symmetrical Triangle for short term trade or B/O in Daily Descending Triangle for long-term

Comment: H4 - Symmetrical Triangle inside Descending Triangle.
Waiting for B/O from Symmetrical Triangle

27.01.2020 Monday 9am : Price open with huge exhaustion gap. Entry possibility :

1. Wait for Monday closure
2. Wait for B/O from ST in H4
Comment: 28.01.2020 Tuesday 9am - Price B/O from huge bullish momentum upward.
Reaching new resistance level. Waiting for break or bounce scenario at this
new high level
Comment: 28.01.2020 Tuesday 4PM - PO Sell at 1.6300,TP 1 at 1.62200,TP2 at 1.61600,TP3 at 1.6100,TP4 at 1.59700. SL around 40 pips


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