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| Descending Triangle identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7659 within the next 2 days. Supported by Downward sloping Moving Average | ||||||||||||||||||||||||||
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Tuesday, January 19, 2021
AUD/USD
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