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Australian Dollar / U.S. Dollar
Long
Updated

AUDUSD Bullish Continuation Price Action

3377

Hi traders:

Also eyeing AUDUSD for further upside potential.

We can see a higher time frame descending structure that the price is currently in.

At the bottom, a bullish reversal price action, giving us an inverse Head and Shoulder pattern,
and we saw a strong bullish up move follow by correction.

Now that price has confirm broken out and is in the impulse phase of the market,
be on the look out for further continuation correction on the lower time frame that can push the price up further to the previous highs,
and the top of the overall HTF structure.

Thank you
Note
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Note
snapshot
jojofang0901
Also on:
audChart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureUSDWedge

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audChart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureUSDWedge
jojofang0901
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.