akyong
Short

EURAUD: Potential Breakout

FX:EURAUD   Euro Fx/Australian Dollar
149 2 1
Current Sentiment: Bearish

Price didn't manage to break and close above the previous structure. Having said that, price is also currently consolidation in a triangle pattern. Breakout traders can wait and trade the breakout to the downside for a trend continuation ride.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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Drey
2 years ago
i am training my Eye for these Patterns. The PriceAction is overlapping and moving slightly upward in a DownTrend. the conservative Entry would be at the Break of the TrendLine
Reply
akyong Drey
2 years ago
yup, it is a breakout trade and you only trade with price breakout of the consolidation area.
Reply
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