EURAUD: 90 pip risk 430+ pip potential reward

18 באוג׳ 2020

EURAUD is definitely looking like a strong buy opportunity, recently breaking a trendline, pulling back to it and forming a double bottom with RSI-price divergence. This ascending triangle offers an excellent buy opportunity on the breakout. Will be placing a buystop slightly above the triangle with the stop loss slightly inside it, and will look for another buy oppotunity if it pulls back to not only the upper bound of the triangle, but also its upward slopping trendline