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Serving Traders Since 2005
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24th July 2009, 08:29
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120 pips Channel - EUR\AUD
Descending Channel pattern has appeared at the EUR\AUD pair and should give us a profitable entry after a signal is formed. Pattern is 120 pips in size, and is very strong - as price confirmed its trendlines for several times. Be careful of Support at 1.7300 as it can be a reversal point for this pattern.
Trading We will trade pullbacks to trendlines after a breakout. Source http://www.chartsecret.com/content/a...channel-euraud 
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