AUDUSD - Week of May 14th, 2017
AU's downtrend is very interesting because I'm seeing a repeat pattern on this trend - double/triple tops all the way down. Will it continue to repeat giving a good R/R opportunity? Well, current pricing appears to be following the same pattern, and if we break the through the next support, the following major daily S/R zone hasn't been reached since January. This could result in in some nice pips to pick up. I'm going to give this more time to confirm the continued downtrend so I will definitely be a stalker of AU in the meantime.
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