AUDUSD Bear Flag Pattern
Hi Traders!
There is a bear flag pattern developing on the AUDUSD 3H chart.
Here are the details:
The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still below the 20 EMA, which is a bearish signal. As long as the market remains below the EMA and flag channel resistance, we will remain bearish on this pair.
Preferred Direction: Sell
Resistance (FLAG CHANNEL): 0.65435
Support (FLAG CHANNEL): 0.64856
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a bear flag pattern developing on the AUDUSD 3H chart.
Here are the details:
The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still below the 20 EMA, which is a bearish signal. As long as the market remains below the EMA and flag channel resistance, we will remain bearish on this pair.
Preferred Direction: Sell
Resistance (FLAG CHANNEL): 0.65435
Support (FLAG CHANNEL): 0.64856
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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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.
Related publications
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.