EUR/AUD Descending triangle

14 באוג׳ 2016

f we see price break above previous high then we will buy thr market, if price goes above our ichimoku cloud which will suggest a strong sign for a reversal. Currently price action has illustrated a bullish hammer reversal candle, which suggest strong buying pressure. Price has resisted the 1.43263 support level ,however has been creating Lower highs. If price does try retest the 382 retracement but fail to break above we shall be taking profits at the Support line where 0 is and our second target at -0.272.