Retested Bearish Triangle on 4H EURAUD Chart
From last week's analysis, we noted that price has broke the bearish triangle and would retest the resistance before going for lower lows.
Price did do exactly what we predicted and is now looking to head for a downtrend till it hits the support level at the yellow rectangle.
I would go short on a smaller timeframe till it hits the next support level.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Price did do exactly what we predicted and is now looking to head for a downtrend till it hits the support level at the yellow rectangle.
I would go short on a smaller timeframe till it hits the next support level.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.