Suitable for traders who trade from 15min to hourly chart AUDUSD

16 בפבר׳ 2020

On the hourly chart, it is still a valid downtrend. (dropped below the swing low and swing high) Combining the analysis on a 15min chart we are looking forward to a break out of the descending triangle and then a pullback to the previous level. Of course, the pullback may not exist. If it is like so we should dive deeper in to confirm if it is a breakout or not.