The falling wedge pattern is formed on the EURAUD H4 chart, the horizontal support-resistance area boundary is also validly formed. The direction of the trend tends to be bearish , we can take this opportunity to take a short position :
1. The price has touched the resistance area (horizontal res.)
2. The stochastic 5 3 3 indicator has crossed above 80, which means a signal for bearish .
A bullish possibility may occur up to the diagonal trendline resistance. The price can be higher if the price breaks above the trendline.
1. The price has touched the resistance area (horizontal res.)
2. The stochastic 5 3 3 indicator has crossed above 80, which means a signal for bearish .
A bullish possibility may occur up to the diagonal trendline resistance. The price can be higher if the price breaks above the trendline.
