Falling Wedge

Launch Chart
KUNAL KAMBLE
EURAUD
·
Jan 24 2024
snapshot
EUR/AUD is making Higher Lows and Lower lows, forming a Falling Wedge, A Falling wedge breakout at a higher level has been more favorable on the downside.
Currently, the Price is trading near Fast and Slow EMA. For a breakout, the security has to close
above/below the falling/rising trendline. After a breakout, a position can be entered in the security in the upside/downside direction. For confirmation of the move price need to trade above/below the EMA
Advice: Trade as per breakout.