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Allen4083

EUR/AUD ASCENDING TRIANGLE FAILED. SHORT TO TL

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Euro / Australiensisk dollar (OANDA:EURAUD)  
Allen4083 Uppdaterad   
OANDA:EURAUD   Euro / Australiensisk dollar
Trend Analysis Chart Patterns Ascending Triangle short EURAUD euraudshort
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trendanalysis chartpattern ascendingtriangle short euraud euraudshort
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.
Kommentera:
imgur.com/a/Yjx82

And if we look at the hourly we're in a descending trend channel that just hit its top
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