Tradingstrategyguides

EURAUD 4H Triple Top Pattern

Short
FX:EURAUD   Euro / Australian Dollar
Price tried to breakout of double top resistance and make higher highs. Breakout failed and is creating a bearish candle pattern.
Sell Stops are listed
Take Profit is listed
Macd is currently in a buy position being above the 0 level line.
Bullish Continuation Trend failed
Possibly will make Macd fall below 0 level line
Macd will be my stop loss if below 0 level line
If Macd goes above 0 level close out sell trades
If Macd is below 0 level confirmation of sell trades.
Comment:
Pair made a fourth attempt to breakout top resistance level and failed.
Comment:
New E/A 4H Trade Setup

Come learn a new trading strategy at tradingstrategyguides.com?utm_source=tradingview

Our free Telegram channel: t.me/TradingStrategyGuides
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.