Yesterday, I published a potential trading idea on AUDUSD, on my YouTube channel.
The price is following an ascending triangle, but recent action is showing that sellers are getting stronger and may attempt to break the ascending triangle, pushing the price down.
There has been a nice reaction at the top of the triangle, then a double top (highlighted with the two red arrows) and a bearish engulfing pattern right after the second top.
This is only an analysis of a possible change of scenario. I'm not going to open any trade because the setup of the moving averages shows that it is not convenient to plan short positions, at the moment.
The price is following an ascending triangle, but recent action is showing that sellers are getting stronger and may attempt to break the ascending triangle, pushing the price down.
There has been a nice reaction at the top of the triangle, then a double top (highlighted with the two red arrows) and a bearish engulfing pattern right after the second top.
This is only an analysis of a possible change of scenario. I'm not going to open any trade because the setup of the moving averages shows that it is not convenient to plan short positions, at the moment.
Find out more at itstradingtime.com/
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Find out more at itstradingtime.com/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。