Hey traders,
EURAUD is trading in a long-term bearish trend.
Setting a new low in April, the pair retraced to a major falling trend line on a daily time frame.
From that, I was looking for a confirmation to short.
On an hourly time frame, I spotted a double top formation.
Its neckline breakout will most likely trigger a bearish trend continuation.
Goals:
1.456
1.4517
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.