120 pips Channel - EUR\AUD

[ChartSecret]

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
Analysis: 120 pips Channel | EUR\AUD | ChartSecret.com