Hello Traders, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EUR/AUD OVERALL BEARISH!
As we can see price is trading inside this falling broadening wedge pattern, making clean lower lows and lower highs as well.
Moreover, as the price will be approaching our lower demand zone, lining up with our lower bound of this channel which can be acting as an over-sold zone, then we will be looking for new bullish movements as a correction movement.
As per my trading plan, and as the price will be trading lower, i will zooming into lower time frame to be looking for any bullish reversal pattern.
Until that if the price managed to be trading higher, instead we will be looking for a trend-following sell setups.
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
EUR/AUD OVERALL BEARISH!
As we can see price is trading inside this falling broadening wedge pattern, making clean lower lows and lower highs as well.
Moreover, as the price will be approaching our lower demand zone, lining up with our lower bound of this channel which can be acting as an over-sold zone, then we will be looking for new bullish movements as a correction movement.
As per my trading plan, and as the price will be trading lower, i will zooming into lower time frame to be looking for any bullish reversal pattern.
Until that if the price managed to be trading higher, instead we will be looking for a trend-following sell setups.
And as usual follow your trading plan and manage your risk.
Be patient and good luck!