Euro / Dollar AustraliaPenjualan
EUR AUD 1D- Double Top 'M'. Long Term Short.
This is my analysis and predictions in regards to the future of EUR AUD.
Based on the daily charts.
Obviously this is a long term trade and may take a while to form. But you can see a clear double top rejection on the top trend line on numerous occasions.
I will be waiting for the top trend line to be touched, a retracement then a return to the trend line before entering a long term SHORT all the way down.
This is also backed up from the simple but effective M formation trading style. Always wait for the second leg to trade down on.
Let me know what you think, I think there's definitely a large amount of scope if this pattern is to form again.
Apologies the SL/ TP chart is in the wrong position (should be higher up) , but you get the idea.
Based on the daily charts.
Obviously this is a long term trade and may take a while to form. But you can see a clear double top rejection on the top trend line on numerous occasions.
I will be waiting for the top trend line to be touched, a retracement then a return to the trend line before entering a long term SHORT all the way down.
This is also backed up from the simple but effective M formation trading style. Always wait for the second leg to trade down on.
Let me know what you think, I think there's definitely a large amount of scope if this pattern is to form again.
Apologies the SL/ TP chart is in the wrong position (should be higher up) , but you get the idea.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.