EUR/AUD ASCENDING TRIANGLE FAILED. SHORT TO TL
I was looking for a possible ascending triangle with a bullish breakout but our tops aren't matching as nicely as I would like and prices failed to break a major resistance, coinciding with RSI in overbought territory.
I'm thinking the price will drop to the long term trend line once more before it retests resistance. Would love to hear others' thoughts but I'm going to go ahead and short.
I'm thinking the price will drop to the long term trend line once more before it retests resistance. Would love to hear others' thoughts but I'm going to go ahead and short.
And if we look at the hourly we're in a descending trend channel that just hit its top