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

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:

diaryofafinancekid.c...ng-before-the-break/

Trade active