EURAUD

7 февр. 2021 г.

As we can see the price formed an exact same height double top but before that it tested the same 2 more times. It's currently testing the support level at 0 fib level which matches the support found at the 27th of January. More confirmation in needed before proceeding to a trade. It hasn't managed to break the trendline resistance, I am expecting to bounce back at the resistance line before going further down or up.

7 февр. 2021 г.

Заметка

EDIT: Whatcing the chart closer we can see descending triangle being formed which means that the price will continue falling down