EUR/AUD Idea for Long
2020-01-22 12:06:58
Firstly we can see a clear cup and handle and therefore I expect a rise to a triple top. After that, the pair should return in the triangle and make a fake breakout from the support line and extend to the 1.678 Fibonacci level.
I confirm my hypothesis with a divergence on MACD and the bushfires in Australia causing economic slowdown and weakening the AUD.