EURAUD has formed an Ascending Triangle by creating higher lows and equal highs.
Yesterday, we have Continuous bull candles from the higher low level which shows that there are more buyers entering. Breakout expected soon at the top zone of this Triangle.
After the confirmation of uptrend movement, EURAUD buy signal given. EURAUD has went up near to the target 1, but the market starts to reverse and it has re-entered into the ascending Triangle and fallen below the bottom level of the Triangle and reached our SL price.