AUD/USD - Waiting for Confirmation: Inverted Cup and Handle Patt
Updated
AUD/USD - Waiting for Confirmation: Inverted Cup and Handle Pattern
AUD/USD is showing a variation of the Inverted Cup and Handle pattern.
This pattern looks promising and, from a fundamental perspective, is supported by the likelihood that the FED may avoid aggressive interest rate cuts.
For the price to push down further, it needs to move below the support zone of the pattern, which is located near 0.6700, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUD/USD is showing a variation of the Inverted Cup and Handle pattern.
This pattern looks promising and, from a fundamental perspective, is supported by the likelihood that the FED may avoid aggressive interest rate cuts.
For the price to push down further, it needs to move below the support zone of the pattern, which is located near 0.6700, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Comment
AUDUSD - almost reached target one
Trade closed: target reached
Comment
AUDUSD - What's Next?
After reaching the first target, AUDUSD faced a bullish move driven by better-than-expected RBA employment data.
However, the structure zone near 0.6700 halted the price, increasing the odds of a downward movement.
The targets are the same as before is AUDUSD moves down again 0.6665 and 0.6635
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅Bitmart - Join The Platform I Trade
bitmart.com/invite/cjb8Ub/en
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅Bitmart - Join The Platform I Trade
bitmart.com/invite/cjb8Ub/en
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.