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Australian Dollar / U.S. Dollar
Long

AUDUSD Short Term Bullish In Rising Wedge

By MartialChartsFX
Updated
AUDUSD to continue within the rising wedge until it meets resistance around 0.7660 - 0.7670. This is a short term move before the bearish break out of the wedge. There is completed Head & Shoulders pattern on the Daily time frame with a bullish pin bar at the bottom of the right shoulder sitting on a monthly support level. Price should rise to retest the neckline before resuming bearish momentum.
Note
Within 10 pips of target on 4/5/2021, expecting price to reach the target after the current pullback.
Note
Price just hit 0.7660 exactly
Trade closed: target reached
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