AUDUSD Reversal
As predicted in our previous analysis, AUDUSD has just failed to break the Potential Reversal Zone which we view as bearish.
We expect price to continue to fall in the long-term, with minor bounces most likely at the former downtrend (dotted green line) and S1, which may look to retest the Potential Reversal Zone.
Look out for an M or Head & Shoulders Pattern as confirmation, or if price breaks S1.
Trading Ideas:
Trade the range (S1 - R1)
Trade a breakout below S1
Trade a breakout above R1
Trade an M or Head & Shoulders Pattern
We expect price to continue to fall in the long-term, with minor bounces most likely at the former downtrend (dotted green line) and S1, which may look to retest the Potential Reversal Zone.
Look out for an M or Head & Shoulders Pattern as confirmation, or if price breaks S1.
Trading Ideas:
Trade the range (S1 - R1)
Trade a breakout below S1
Trade a breakout above R1
Trade an M or Head & Shoulders Pattern
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