TradingView
traderpulse
Jun 24, 2019 11:08 AM

EUR/AUD Technical analysis Short

Euro Fx/Australian DollarFXCM

Description

The counter went off the cliff after a bull run.
Though the counter has covered its lost grounds, the move is not as convincing as the previous bull rally.
It looks like a bearish expanding flag and the RSI indicator is roofed by the overbought zone.
Also, the counter has formed a head and shoulder pattern with right shoulder still under construction.

Trade closed: target reached

More