AUDUSD IS ON THE STRONGEST UPTREND
After breaking my consolidation box price should continue until it hits my midway point. From there expect a a nice medium or small size retest but it could also opt out for a reversal. So watch with caution and use proper risk management. My MA is has been a steady support for price action on Daily and weekly. It hasn't fully crossed over yet. So it's safe to say a buy for longevity is okay to place until midpoint is reached.
My RSI and Bollinger bangs definitely tells me that we are in a overbought market so in the next few weeks maybe late September it could reverse complete or just be a retest. With the constant devalue of the USD a retest seems more viable.
What do you AUDUSD fanatics think of my T-anaylsis?
My RSI and Bollinger bangs definitely tells me that we are in a overbought market so in the next few weeks maybe late September it could reverse complete or just be a retest. With the constant devalue of the USD a retest seems more viable.
What do you AUDUSD fanatics think of my T-anaylsis?
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