AUDUSD cup and handle
Curreny pair is in motion after Tuesday's RBA statement and yeasterday's good unemployment data. Cup and handle pattern worked out nicely after if found bottom at 0.92300 -0.92600 area broke up consolidation resistance at 0.92900 and had big move right to 0.93600 previous resistance level. Took one day of rest with controlled pullback to moving averages zone. Another points to make decisions were on break up of that flag and swing high at 0.93664.
Now it reached next resistance, so it will be healthy to see some type of consolidation/pullback before continuation.
I am taking some off and will revisit later. Looking to buy pullback close to 0.93664, want to see how buyers are going to hold around my short term moving averages 8 and 21.
Now it reached next resistance, so it will be healthy to see some type of consolidation/pullback before continuation.
I am taking some off and will revisit later. Looking to buy pullback close to 0.93664, want to see how buyers are going to hold around my short term moving averages 8 and 21.
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