EUR/AUD Trading Analysis (27/08/2024)
The overall trend is up. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition. A triple bottom multi-candle pattern is forming.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop loss at 1.6448 below the local minimum of the descending structure.
- Targets at 1.6580 and 1.6709.
#euraud #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
