💡Hello everyone, EURAUD chart analysis
The price is moving inside a falling wedge pattern, which consists of two decreasing lines that indicate that there is gradually diminishing selling pressure.
Buy scenario:⬆️
If the price manages to break the falling wedge pattern upwards. Breaking the wedge is usually a strong signal that the downtrend is over and the price is preparing to rise.
Sell scenario:⬇️
If the price fails to break the falling wedge upwards and continues to trade inside or below it, this may be an indication of a continuation of the downtrend.
⛔️ Not investment advice, for educational purposes only.
The price is moving inside a falling wedge pattern, which consists of two decreasing lines that indicate that there is gradually diminishing selling pressure.
Buy scenario:⬆️
If the price manages to break the falling wedge pattern upwards. Breaking the wedge is usually a strong signal that the downtrend is over and the price is preparing to rise.
Sell scenario:⬇️
If the price fails to break the falling wedge upwards and continues to trade inside or below it, this may be an indication of a continuation of the downtrend.
⛔️ Not investment advice, for educational purposes only.
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