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EURAUD Falling Wedge and Long Opportunity

EURAUD Falling Wedge and Long Opportunity

Published: 04-08-2018

Chart timeframe: H4

Description: EURAUD completed Falling Wedge pattern. Possible to retest the wedge – 1.59600- and move up. Retracement towards 1.59500 can be used as buying opportunity.

TRADE: LONG

AREA OF THE ENTRY: 1.59800 – 1.59500 Wait for the pullback as described in the chart.

TARGET 1: 1.60700

TARGET 2: 1.61500

INVALIDATION/STOP LOSS LEVEL: 1.58500

You can follow the trade idea on tradingview.com by clicking the below link:

https://www.tradingview.com/chart/EURAUD/Nagefgll-EURAUD-Possible-Long-Opportunity/

Keep your risk maximum 1%

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

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EURAUD Falling Wedge: Forex Trading involves risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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