AUDUSD coming from a 4H uptrend then ranging for a few days is looking bearish.
Some price key points to look out for:
Overall this sell is very nice but be careful because this breakout was influenced by NFP
Some price key points to look out for:
- There is a failed double bottom which trapped a lot of buyers
- Lookout for a deep pullback (there is an unfilled Fair Value Gap)
- Filling the FVG can act as a third leg to our ABCD (1 2 3 4) pattern
Overall this sell is very nice but be careful because this breakout was influenced by NFP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.