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VladimirRibakov

EURAUD Buy Idea After Channel Breakout

Long
Euro / Australian Dollar (OANDA:EURAUD)  
VladimirRibakov  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis EURAUD buy Bullish Patterns range Bullish Divergence Descending Channel bullishconvergence pullback support
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trendanalysis supportandresistance mtfa euraud buy bullish range bullishdivergence descendingchannel bullishconvergence pullback support
D1 - Price is bouncing higher from the bottom of the range.

Bullish divergence.

H4 - Price has broken above the bearish channel.

Bullish convergence. Currently it looks like a pullback is happening.

Until the strong support zone holds I expect the price to continue higher further.
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