Ascending Rectangle EUR/AUD
Updated
It has been assessed that the chart is in the accumulation phase as previously it was bullish and has shown no sign of divergence between the trend and price pattern. We can safely place buy stop pending orders above the rectangle and Stop Loss below the rectangle. If in any case divergence will be made we will reanalyze the chart.
Order cancelled
Guys the trend is showing some divergence so It is now in the distribution phase, please close the trades at minimum loss.
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.