EURAUD - Break of trendline & broken necklne of double bottom
Price at significant support level and at 50% fib retracement.
Neckline for double bottom broken to the upside.
Price also broke the descending trendline.
Initiated a small long here and will add once price action confirmed on close of 4 hour.
Neckline for double bottom broken to the upside.
Price also broke the descending trendline.
Initiated a small long here and will add once price action confirmed on close of 4 hour.
Trade active:
Trade closed: stop reached:
SL hit due to RBA news but the long terms setup is still valid. Watch PA above 1.5725 for re-entry.