EURAUD Long with RTM and Chart Pattern *Educational Purpose*
EURAUD price is forming the Falling wedge pattern (Expected reversal)
- A double bottom appeared in the minor structure.
- Up-trust of the price after it touches support, breaking the minor structure to the upside. *To be clear, price may go to the upside, wait for it to break the higher price structure, and it didn't make the lower low*
- The Rebound of the price at 1.168 Fibonacci Extension
- A double bottom appeared in the minor structure.
- Up-trust of the price after it touches support, breaking the minor structure to the upside. *To be clear, price may go to the upside, wait for it to break the higher price structure, and it didn't make the lower low*
- The Rebound of the price at 1.168 Fibonacci Extension