If you're planning a trip to Australia in the next few months, consider changing some Aussie dollars now. For counter-trend traders, it's a great opportunity to look for a buying opportunity in the AUD. Let's analyze the charts!
📊 The market hit resistance and is now in consolidation, making it a concern for buyers. The daily chart shows an M Formation, with the 0.6600 level as a critical watch. It's likely to be violated before any potential reversal. On the four-hour chart, wait for a buying opportunity with magic candle confirmation.
⏰ On the four-hour chart, a bullish bat pattern has already completed, signaling a potential shorting opportunity. Set alerts and observe the Monday market opening for further confirmation.
📈 The setup is clear and objective, leaving no room for subjectivity. Engage your trade with defined stops and targets in mind.
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