Short EURAUD
1. RSI testing descending resistance level
2. Price testing descending resistance level
3. Major resistance at 1.56665: Fibonacci retracement (23.6%), horizontal resistance overlap, descending resistance line
2. Price testing descending resistance level
3. Major resistance at 1.56665: Fibonacci retracement (23.6%), horizontal resistance overlap, descending resistance line
Trade closed: stop reached
Missed formation of falling wedge, RSI saw a bullish exit, still bearish as triple top formation is seenNote
down 55 pips, 1:2 risk reward ratio
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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.