Bears Triangle Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jan 9, 2024 8:23 PM

The market is trading inside a bearish triangle.
√ Triangles are popular at wave 4 and B.
√ After a triangle, the prior trend resumes.
√ Triangle precedes the last impulse to the direction of the dominant trend.

Comments

Abdul8520

⋅ Jan 11, 2024 6:43 PM

63 TP

TheFxAce

⋅ Jan 10, 2024 1:11 AM

You’ve outlined key reasons supporting a strategic short position.