Get started
Euro / Australian Dollar
Short

Hitting The Trendline, EURAUD might confirm rising wedge pattern

45
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
HeriPardi
Also on:
candlestickpatternChart PatternseuraudshortTechnical IndicatorsRising WedgeTechnical AnalysisTrend Analysis

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.
candlestickpatternChart PatternseuraudshortTechnical IndicatorsRising WedgeTechnical AnalysisTrend Analysis
HeriPardi
Also on:

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.