AUDUSD LONG POSITION
Audusd is looking to make a massive bullish push for the foreseeable week and months to come
Its currently ranging on a strong level of support at price point. .72000 as well has respected the daily structure point of .68000
Price will not make its move back down after this push. With the weekly harmonic bullish pattern showing strength as price continues to push up we have now created the right shoulder on the Daily and H4 timeframes to complete the inverted head and shoulder variation. We can possibly anticipate a sort of retracement to come from the the SUNDAY gap that is set to ensue tomorrow but this is long.
Confirmations:
Trendline
Harmonic patterns
FIBS (currently sitting on my kill zone of 61.80-70.70)
Candlestick analysis
Candlestick patterns (Inverted head and shoulders)
Structure points being respected
LH broken and now maintaining its Higher low trajectory
Its currently ranging on a strong level of support at price point. .72000 as well has respected the daily structure point of .68000
Price will not make its move back down after this push. With the weekly harmonic bullish pattern showing strength as price continues to push up we have now created the right shoulder on the Daily and H4 timeframes to complete the inverted head and shoulder variation. We can possibly anticipate a sort of retracement to come from the the SUNDAY gap that is set to ensue tomorrow but this is long.
Confirmations:
Trendline
Harmonic patterns
FIBS (currently sitting on my kill zone of 61.80-70.70)
Candlestick analysis
Candlestick patterns (Inverted head and shoulders)
Structure points being respected
LH broken and now maintaining its Higher low trajectory
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