AlanCSH

EURAUD - Daily chart analysis

OANDA:EURAUD   Euro / Australian Dollar
D - descending wedge pattern, at key support zone . LONG if breakout of descending wedge .

Comments

The direction depends on the direction of the breakout. Descending wedge does not necessarily equal SHORT.
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A descending wedge in a downtrend....hmmm...let's remind ourselves what that means....ahhh yes it was a continuation of the downtrend. Thanks for sharing this info.
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