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EURAUD: DESCENDING BREAKOUT TREND CONTINUATION-BULLISH

With the proof of wedge breakout, the pair printing the price range @1.58656. An impulse from the 1.52760 reversed the price range and brought the price range to the bull area. The descending wedge breakout gives a stable rise for the price range the quotes may fetch the 1.61421.
On the count of reversal, the price range may form a pullback setup in order to reverse the trend, in that case, end the trade @ 1.56700.
SIGNAL SPECIFICATION
Entry: 1.58656
Tp: 1.61421
Sl: 1.57000
Risk Vs Reward: 1.67
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27 Aug 2018 12:47 pm Posted by tamilforex

 
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