EUR/AUD - W and M formations by MM's (Daily TF)
Market makers likes to push price in W/M patterns, different than (Double Top), as it's usually few candles (6 - 10 candles)
It usually forms after impulsive move, changing direction of the trend!
It's better to trade it on lower time frames as 15, 30 minutes, but once you can identify it on bigger time frames, then you can catch really good trades!
It usually forms after impulsive move, changing direction of the trend!
It's better to trade it on lower time frames as 15, 30 minutes, but once you can identify it on bigger time frames, then you can catch really good trades!
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.