Trading Range at EUR\AUD - 130 pips

[ChartSecret]

Trading Range pattern appeared at the EUR\AUD chart pattern - 130 pips in size. This is a strong pattern providing many trading oppurtunities.

Trading
Enter Long trade after breakout and pullback of price to Resistance (breakout up)
Enter Short trade after breakout and pullback of price to Support (breakout down)

Target
Size of pattern is 130 pips, this is the projected movement from the location of breakout.

Source
http://www.chartsecret.com/content/analysis-trading-range-euraud

 

[forexboy]

Oh thanks for your analysis, I'll try and check it on my own chart.