An obvious bearish triangle is forming on the EURAUD 4H Chart.
Price is likely to move within the triangle and attempt to break out of it in a downtrend before being rejected by the first key support.
Price may then bounce back up and hit the triangle's resistance before going bearish once again.
I'll probably take a short position in a smaller timeframe when I get confirmation of a bearish trend.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Price is likely to move within the triangle and attempt to break out of it in a downtrend before being rejected by the first key support.
Price may then bounce back up and hit the triangle's resistance before going bearish once again.
I'll probably take a short position in a smaller timeframe when I get confirmation of a bearish trend.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
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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。