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/analysis-120-pips-channel-euraud
Trading
We will trade pullbacks to trendlines after a breakout.
Source
http://www.chartsecret.com/content/analysis-120-pips-channel-euraud
