EURAUD Short
ON the Daily timeframe we see a massive spike in February and topped out in March. The massive amount of bearish pressure created a massive dump in price over the span of 3 months. This was also the start of a bearish Triangle which indicates that price could drop alot more. more recently on the 1hr and 4hr time frames it has shown Falling Wedge pattern which also indicates that price could drop. These two indications lead me to believe that price could drop to previous levels around 1.36800 within the next few months.
Please let me know what you think could happen in the future for this pair aswell in the comments section.
(P.S i am no expert so dont take this as a signal or anything like that this is just purely my idea of what could happen.)
Please let me know what you think could happen in the future for this pair aswell in the comments section.
(P.S i am no expert so dont take this as a signal or anything like that this is just purely my idea of what could happen.)
Nota
On my page there will be another photo of the lower time frame showing the falling wedge
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.