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pure_technical

Suitable for traders who trade from 15min to hourly chart AUDUSD

Dollar Australia / Dollar AS (OANDA:AUDUSD)  
pure_technical  
OANDA:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
On the hourly chart, it is still a valid downtrend. (dropped below the swing low and swing high) Combining the analysis on a 15min chart we are looking forward to a break out of the descending triangle and then a pullback to the previous level. Of course, the pullback may not exist. If it is like so we should dive deeper in to confirm if it is a breakout or not.
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