AUDUSD Ready for the downside
Updated
Hi traders:
Similar like NZDUSD, I am seeing more bearish price action in the making.
Overall price was in the HTF parallel channel structure, correcting the price up.
WE then see a strong bearish impulse out of that structure, good indication we can see more bearish continutations.
Latest price form this expanding type of flat structure, and we have price at the top of the structure.
After the LTF push down, wait for continuation correction to get in the sell.
thank you
Similar like NZDUSD, I am seeing more bearish price action in the making.
Overall price was in the HTF parallel channel structure, correcting the price up.
WE then see a strong bearish impulse out of that structure, good indication we can see more bearish continutations.
Latest price form this expanding type of flat structure, and we have price at the top of the structure.
After the LTF push down, wait for continuation correction to get in the sell.
thank you
Comment
HTF:Comment
Look for this recent double tops, "M" style pattern reversal for the move down.
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