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edramlan

EURAUD to go higher.

Long
Euro / Australian Dollar (FX:EURAUD)  
edramlan Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns EURAUD euraudlong euraudanalysis euraudbuy
2
0
trendanalysis chartpattern euraud euraudlong euraudanalysis euraudbuy
Why is this so:
  • It has double bottom with bullish divergence.
  • Price penetrated the double bottom neckline and go higher before pulling back.
  • The pullback tested the support/neckline and created a bullish key reversal.
  • Already LONG at 1.5885.
  • Price will probably move higher at least towards resistance at 1.6335.
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Trade closed: stop reached:
Stand aside.
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