Get started
CharlieGunner

Possible EURAUD Long Opportunity

Euro / Australian Dollar (FX:EURAUD)  
CharlieGunner  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators
0
0
trendanalysis chartpattern indicator
EURAUD has been trading in a downtrend and has recently broken out of a descending regression channel to the upside. The pair is currently testing a daily support level, which is conveniently the regression channel's upper trend line. I believe this confirms the presence of a bullish trend.

Entry at 1.54000, Stops at 1.53000 & Target 1.56000

Trading ideas are subjective. Individual analysis advised.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.