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Australian Dollar / U.S. Dollar
Short
Updated

AUDUSD Back to the top, bearish reversal down

1123

Hi traders:

We have seen a strong bearish reversal price action during the NY session of yesterday,
and now many of the pairs are looking very bearish, and could continue down further.

Here on AUDUSD, price correctively move up to a double tops within a larger ascending structure.

We can see more bearish reversal patterns within as another smaller ascending channel,
and strong bearish reversal impulse, pushing the price action down.

Now is the matter of waiting for continuation bearish price action when price impulse down further, to confirm further downside to he lows.

Thank you
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jojofang0901
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Chart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureWedge

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Chart PatternscorrectionFlagimpulseParallel ChannelpatternpriceactionstructureWedge
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.