EURAUD Short On A Bearish Pennant Break

FX:EURAUD   Euro / Australian Dollar
Marked by the red lines on the chart, are the key relevant levels of demand. Where, as you can see, nearly every key level of demand is a rally of buyers pushing price up. When these levels are broken, however, price will likely fall to the next key level of demand before it reverses from the buying support or it breaks through again and continues downward. Currently price is consolidating right at one of those key levels of demand following a downward move and it is forming a nice bearish pennant with this consolidation. This bearish pennant indicates a likely break out downward to at least the next level of demand around 139000 where there will be some more buying support.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out