Is AUD ready to plummet?
Updated
We saw GBPAUD form a rounded bottom on the H4 timeframe, which is usually a bullish reversal sign after a sustained drop.
We then saw a series of higher highs then a break of the rounded bottom neckline at 1.793 followed by a move higher.
We then saw a pullback and consolidation in a bullish pennant, which also signals a possible continuation. Could we see a break higher towards 1.8520
Once for the radar!
We then saw a series of higher highs then a break of the rounded bottom neckline at 1.793 followed by a move higher.
We then saw a pullback and consolidation in a bullish pennant, which also signals a possible continuation. Could we see a break higher towards 1.8520
Once for the radar!
Trade closed: target reached
Target reached
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