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:
Apr 24
Trade active
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