Analysis: Channel, Triple Bottom | EUR\USD, EUR\AUD

Channel Pattern | EUR\USD
An Ascending Channel chart pattern at the EUR\USD appeared at 30-minutes chart - 80 pips in size. Pattern is strong as price respected support trendline 3 times. Short entry will be taken after a breakout of support trendline, and pullback. This is one of the most reliable chart patterns. Click here to learn how to trade it.

Triple Bottom | EUR\AUD
Reversal pattern in the EUR\AUD developed into a variation of the Triple Bottom. Size of the pattern is 120 pips, therefore the target for the reversal is approximately 1.7780. The triple bottom is a reliable chart pattern, with 78% of price to break in the direction and reach its projected target. We will enter a Long entry after a breakout of the neckline and pullback to the Resistance trendline. Click here to learn how to trade Triple Bottoms