AUDUSD Pattern Formation
This price has been forming a rising flag pattern, which IMO is a strong indicator of a strong bearish momentum.
The price might either continue with the current bearish movement, or ChoCh to happen and a bullish momentum to happen so as to complete the pattern.
An analysis using a shorter timeframe will follow.
The price might either continue with the current bearish movement, or ChoCh to happen and a bullish momentum to happen so as to complete the pattern.
An analysis using a shorter timeframe will follow.
Note
This pattern has formed a double bottom and has rebounded, we expect that a bullish momentum will follow.
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