EURAUD on the 4-hour timeframe is showing a potential double top pattern, suggesting a possible reversal from the recent bullish leg. Price has tested the same resistance zone twice but failed to break higher, highlighting weakening buying pressure.
A confirmed neckline break with momentum could validate the pattern, opening room for a bearish move toward lower support zones. Until confirmation, the setup remains in the watchlist.
📌 Key levels:
Resistance: Recent double top highs
Neckline: Support zone to watch for breakdown
Bearish targets: Next support levels below neckline
A confirmed neckline break with momentum could validate the pattern, opening room for a bearish move toward lower support zones. Until confirmation, the setup remains in the watchlist.
📌 Key levels:
Resistance: Recent double top highs
Neckline: Support zone to watch for breakdown
Bearish targets: Next support levels below neckline
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.