AUDUSD Next Leg down or a fake out?
Daily
4hr
*possible head and shoulders formation in process
Impulse leg down from high
Price below 20/50 ema + Cross below
Price in corrective flag pattern
waiting for price to break out: to upside to tag stops around .76300
Targeting short term .7371 resting stops
- rejection at big figure .7700
weekly Trend Line
Daily Bearish order Block
4hr
*possible head and shoulders formation in process
Impulse leg down from high
Price below 20/50 ema + Cross below
Price in corrective flag pattern
waiting for price to break out: to upside to tag stops around .76300
Targeting short term .7371 resting stops
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