AudUsd buy setup looming
Updated
AudUsd on the weekly time frame closed a doji last week. But its not a clear version of a doji that you want to base a reversal sign on. So I moved down a bit
to the daily time frame to see if it gives a more clear indication.
The daily has 2 options and the right option will most likely be confirmed on Monday's close. If Monday's candle closes above Friday, than its it a good buy setup.
If it closed below Friday's candle than we are looking at a possible double top and it will go back to support and probably break it. If it's closes inbetween we wait till Tuesday.
to the daily time frame to see if it gives a more clear indication.
The daily has 2 options and the right option will most likely be confirmed on Monday's close. If Monday's candle closes above Friday, than its it a good buy setup.
If it closed below Friday's candle than we are looking at a possible double top and it will go back to support and probably break it. If it's closes inbetween we wait till Tuesday.
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