OANDA:EURAUD   Euro / Australian Dollar
A higher time frame bullish flag pattern in the formation with a false breakout and retracement in the form of a bullish flag pattern. As we zoom in to the lower time frame we identify patterns within patterns as we analyse a bullish flag pattern with a three touch confirmation on its low and bullish rejection for entry of LONG POSITION towards the upside.
Trade active: Bearish descending channel formed and entry taken on third touch for reversal!
Trade closed: stop reached
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