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HeriPardi

Hitting The Trendline, EURAUD might confirm rising wedge pattern

Short
Euro / Australian Dollar (FX:EURAUD)  
HeriPardi  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators Technical Analysis candlestickpattern euraudshort Rising Wedge
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trendanalysis chartpattern indicator technicalanalysis candlestickpattern euraudshort risingwedge
The price has hit the trend line formed by the previous swings and while hitting the trend line, it forms a rising wedge pattern, which indicates a bearish continuation pattern

Pros:
-Hit the Trend Line, which acts as a resistance
-Forming a rising wedge pattern
-Shooting Star Candlestick pattern

Cons:
-Daily Trend is still Bullish
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