EURAUD Long Trade - *Descending Wedge Pattern & Demand Zone*

FX:EURAUD   Euro / Australian Dollar
Here is a long trade I have taken on EURAUD but unfortunately did not manage to post to trading view before my entry. I will cover the basic analysis for entering this trade below:

Technical Analysis:

- Descending Wedge Pattern
- Price is Squeezing
- Rejections of 1.57/1.57150 support zone
- Anticipation of the wedge breakout

Fundamental Analysis:

- Gold price dropping should influence AUD negatively
- Anticipating negative AUD data

A full breakdown of this trade can be found on my blog by clicking on the link below:
Trade active
For more technical analysis and FREE trading education, please check out my blog site


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out