AUDUSD Descending Wedge Formation
Just based on research and analysis (this may be so far incorrect, so use sparingly), have noticed a wedge forming in the downtrend, and what looks to be a three drives pattern, or abcd pattern.
Will keep watch on future candles to see what the price action and trend does.
Will keep watch on future candles to see what the price action and trend does.
Note
Buy trade pending order 0.75130Trade closed: target reached
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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.