Hitting The Trendline, EURAUD might confirm rising wedge pattern
The price has hit the trend line formed by the previous swings and while hitting the trend line, it forms a rising wedge pattern, which indicates a bearish continuation pattern
Pros:
-Hit the Trend Line, which acts as a resistance
-Forming a rising wedge pattern
-Shooting Star Candlestick pattern
Cons:
-Daily Trend is still Bullish
Pros:
-Hit the Trend Line, which acts as a resistance
-Forming a rising wedge pattern
-Shooting Star Candlestick pattern
Cons:
-Daily Trend is still Bullish
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.