EURAUD: Important Resistance Ahead! Your Plan: 🇪🇺 🇦🇺

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Euro / Dolar Australia (OANDA:EURAUD)

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OANDA:EURAUD Euro / Dolar Australia

trendline mtfa wedgepattern euraud australiandollar euro aud forex trading technicalanalysis

EURAUD is falling sharply.
Ahead is a major rising trend line on a daily.

To buy from that with a confirmation,
pay close attention to a falling wedge pattern on a 4H time frame.

First, let the price reach the trend line,
then wait for a bullish breakout of the resistance of the wedge as your confirmation.

Your initial target will be 1.582

In case of a bearish breakout of a trend line, a bearish continuation will be expected.

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EURAUD: Important Resistance Ahead! Your Plan: 🇪🇺 🇦🇺

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