EURAUD LONG

EURAUD LONG: The trend is bullish at daily charts, moving with a higher high and higher low sequence. Recently, a double bottom was created at the daily charts, and its neckline broke above. It is currently retesting the neckline within the same time frame. This retesting area serves as a strong support for us.

In the hourly chart, there is a double bottom pattern and a falling channel. Both patterns' necklines have broken above, and we are now waiting for a retest.

Entry: 1.6401
Stop loss: 1.6345
Take profit: 1.6501.