Description: As shown above we have FX:EURAUD . We are currently Bullish i posted this yesterday having bounced off the 61.8 area we still have a bullish outlook. Currently we have a Ascending Triangle a break & close above it would be a nice long signal.
Indicators: 50 Smoothing out PA, 200 EMA Is currently below price & just above Weekly Support acting as magnetic Support Weekly resistance also we have both EMA's heading north signalling price is still bullish .
Duration: Long Term
Decision: I will post an update however as shown on chart setup may look like this..
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out. Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading