NickofJupiter

EURAUD Bearish Analysis

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NickofJupiter 已更新   
FX:EURAUD   歐元/澳元
I am selling this stop with a stop above the 1.4800 level
Looks to be a wedge peaking out at a resistance zone with some MACD divergence
The MACD seems to indicate that there was not as much strength in this recent up swing and perhaps bulls are losing momentum.
Could form a double top and perhaps a cup and handle price pattern.
If we reverse here this could be the correction wave after the big impulse 5 wave count
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stopped out

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