VitruvianTrader
Short

EURAUD Bearish Analysis

FX:EURAUD   Euro Fx/Australian Dollar
3 months ago
I am selling this stop with a stop above the 1. 4800             level
Looks to be a wedge peaking out at a resistance zone with some MACD divergence
The MACD seems to indicate that there was not as much strength in this recent up swing and perhaps bulls are losing momentum .
Could form a double top and perhaps a cup and handle price pattern.
If we reverse here this could be the correction wave after the big impulse 5 wave count
3 months ago
Comment: stopped out
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