EURAUD has formed double top at 1.48800 level where we witness multiple bearish candle indicating hurdle for bulls.
For short term traders this is an opportunity to do shorting with stoploss just above double top.
For long term traders, wait for the price to get out of no trade zone; meaning we need to surpass the 1.48800 level to invalidate the double top pattern. Or close below the recent breakout level which can acted as support.
What are your analysis on the idea?
For short term traders this is an opportunity to do shorting with stoploss just above double top.
For long term traders, wait for the price to get out of no trade zone; meaning we need to surpass the 1.48800 level to invalidate the double top pattern. Or close below the recent breakout level which can acted as support.
What are your analysis on the idea?
