AUDUSD - Medium term analysis - Long

Updated
  • The price fails the break the top at the same time there is a very hard support zone under 0.7750/0.7730 but also very close
    Under this zone the price create an bearish H&S and can fall down to 0.76/0765 - first short possibilities (high risk)
    In any case under 0.765 the buyer should come back on the market, in this case the pice should be go up until the medium term target price 0,8
    if the price will go down 0,76 could be inversion


Before to open positions control the price action and correct completation of pattern

Order cancelled
the price has broke the rh top ...the pattern is not completed
Trend Analysis

Disclaimer