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EURAUD, The Triangle Pattern Completed

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djukic.nebojsa  
CURRENCYCOM:EURAUD   None
Chart Patterns EUR aud EURAUD trianglepattren Ascending Triangle
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chartpattern eur aud euraud trianglepattren ascendingtriangle
EURAUD has completed the ascending triangle this morning. We can long EUR against AUD, with a target of 1.62. The target is determined based on the triangle's height. We measure the height of a pattern and use that distance as our target.

Stop-loss should be placed below today's low. That gives us a great R:R.

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