Potential Bearish Reversal from Rising Wedge Breakdown

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The EUR/AUD 2-hour chart illustrates a rising wedge pattern that has recently broken to the downside, suggesting bearish momentum. After a failed retest near the 1.79264 resistance (also marked as stop-loss), the price appears to be rejecting lower highs. The black arrow indicates a projected bearish move toward the lower wedge trendline, around the 1.77500 region. This setup supports a short bias unless the price breaks above the red resistance line.

7 saat önce

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