AUDUSD > Possible Head and Shoulder Pattern!!
Updated
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Follow up on #AUDUSD
with the last week, NFP came slightly negative for the dollar as average hourly earning wage growth came at 0.3%, the bond yield keeps on falling, I expect the dollar to weaken more.
as you can see we have on the chart RSI divergence, as you can see while the market kept only falling the rsi was rising, for that, I am looking for a buy entry as I expect the price to go and test 0.7600 price level.
we have a possible head and shoulder pattern, I will wait for confirmation before considering the buy side of this market.
Check today analysis below⠀
>>“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless."
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Follow up on #AUDUSD
with the last week, NFP came slightly negative for the dollar as average hourly earning wage growth came at 0.3%, the bond yield keeps on falling, I expect the dollar to weaken more.
as you can see we have on the chart RSI divergence, as you can see while the market kept only falling the rsi was rising, for that, I am looking for a buy entry as I expect the price to go and test 0.7600 price level.
we have a possible head and shoulder pattern, I will wait for confirmation before considering the buy side of this market.
Check today analysis below⠀
>>“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless."
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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