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FXKing009

EURAUD - SHORT / RISING WEDGE

Short
Euro / Australian Dollar (FX:EURAUD)  
FXKing009  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURAUD euraudshort euraudanalysis euraudsell euraudbreakout euraudtrade euraudforecast euraudbearish
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trendanalysis chartpattern beyondta euraud euraudshort euraudanalysis euraudsell euraudbreakout euraudtrade euraudforecast euraudbearish
I believe my initial analysis of this pair was incorrect, upon further analysis we can see divergence on the weekly TF, as well as price, breaking the weekly trendline
If you notice we also have a rising wedge pattern which is another indication of a change in trend

We will wait for a breakout and a retest before entry on a lower TF
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