Double Bottom on EUR/AUD, Possible reversal.
** UPDATE - the red box is supposed to be LOSS ZONE not profit.
a double bottom is clearly visible on the pair Euro / Australian Dollar in all time frames from 4H and under.
previous price action would suggest it is set for a reversal.
an entry after price has closed above the highest wicks in the 'ENTRY' zone would be a good trade in my personal opinion.
valuable economic news relating to both pairs and their respective economies:
Australia: abc.net.au/news/2020-05-10/coronavirus-victorian-economy-hit-government-budget-decisions/12229414
Europe: ec.europa.eu/commission/presscorner/detail/en/SPEECH_20_845
i am in no way sponsored by any of the links I have shared and earn no commissions from doing so, educational purposes only.
a double bottom is clearly visible on the pair Euro / Australian Dollar in all time frames from 4H and under.
previous price action would suggest it is set for a reversal.
an entry after price has closed above the highest wicks in the 'ENTRY' zone would be a good trade in my personal opinion.
valuable economic news relating to both pairs and their respective economies:
Australia: abc.net.au/news/2020-05-10/coronavirus-victorian-economy-hit-government-budget-decisions/12229414
Europe: ec.europa.eu/commission/presscorner/detail/en/SPEECH_20_845
i am in no way sponsored by any of the links I have shared and earn no commissions from doing so, educational purposes only.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.