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Elemont

EURAUD Buy Opportunity

Long
Euro / Australian Dollar (FX:EURAUD)  
Elemont  
FX:EURAUD   Euro / Australian Dollar
EURAUD LONG short Daily Charts 4h 1h breakout reversal Pennant FLAG
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euraud long short daily 4h 1h breakout reversal pennant flag
EURAUD is nearing the bottom of it's trendline on the Daily offering a potential breakout upwards.
If price can break the local trendline, we expect a test of the 200 MA.
Stop loss would be just below the Daily trendline.

If instead the Daily trendline breaks lower, we have a short trade towards next support.
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