AUDUSD: Time to Rally
Updated
Hello traders!
There is a very interesting formation on
AUDUSD, that indicates that the bear market is going to the end and its time for bulls. As we see there is a nice bullish gartley @ 0.6945 and a good opportunity to buy. In addition very nice structure level @0.6936 is supporting the bulls. if you look left you see that currently the price is at the latest lows level which is a good sign that market is more likely to reverse and rally up. If the market goes up and makes NSH then we are in a bull market where the big gartley could be finished and we wil have an opportunity to get involved in a correction leg as well.
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Avto_T
Financial Analyst
rcpforex.com
facebook.com/royalcapitalpartners.rcp
There is a very interesting formation on
AUDUSD, that indicates that the bear market is going to the end and its time for bulls. As we see there is a nice bullish gartley @ 0.6945 and a good opportunity to buy. In addition very nice structure level @0.6936 is supporting the bulls. if you look left you see that currently the price is at the latest lows level which is a good sign that market is more likely to reverse and rally up. If the market goes up and makes NSH then we are in a bull market where the big gartley could be finished and we wil have an opportunity to get involved in a correction leg as well.--
Avto_T
Financial Analyst
rcpforex.com
facebook.com/royalcapitalpartners.rcp
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Trade closed: target reached
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