EURAUD H4 Double Top: More Downside Ahead?
EURAUD is showing a classic double top pattern on the H4 chart. Price action has already broken the neckline, and it seems to be retesting it now. If the retest holds, we could expect further downside for this pair.
This setup aligns well with bearish momentum, so it might be a good opportunity to watch for short entries. Make sure to confirm with other indicators and manage your risk effectively.
What are your thoughts on this pattern? Are you looking to short EURAUD too? Let me know below!
This setup aligns well with bearish momentum, so it might be a good opportunity to watch for short entries. Make sure to confirm with other indicators and manage your risk effectively.
What are your thoughts on this pattern? Are you looking to short EURAUD too? Let me know below!
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.