The following pattern is a falling Wedge. There is a Falling support and falling resistance. Buy entries should be entered after the break out. Long term trade. Stop Loss at 148.657. Take Profit at 151.808
In this pair EURAUD I see a Bullish falling wedge. There is a breakout at around 1.51200 and a visible base. TP should be at the beginning of the falling trend (highest point). 1.53500
Buy orders should've been entered at the breakout zone.
In this pair EURAUD, I see a Bullish falling wedge. The Break out was around 1.51200. There is a falling support and falling resistance. There is a clear base of the triangle to support the pattern. TP should be at the Highest point of the base (1.53500).Buy orders should be placed at breakout point.