Jsarm727

Jsarm727

Looks like AUDUSD has made a double bottom. A good entry to go long would probably at a retest of the hourly 50 ema.

Jsarm727

If price action turns bullish, we could breakout from this falling wedge and resume the trend higher.

Jsarm727

Here in the 4 hour chart, I have trendline drawn which could act as a support or not. Let's watch what happens!

Jsarm727

Another chance to enter long if this does play out!

Jsarm727

Could repeat the same pattern of the lower yellow ellipse and then go up to a supply level. Let's see how this goes!

Jsarm727

AUDUSD has came back up to the 0.50 fib retracement. Now just waiting for a rejection if this plan does play out.

Jsarm727

In the weekly timeframe, I see a rising wedge formed. It could either breakout or breakdown from here, but due to the weakness of the dollar, I am leaning more towards a breakout of AUDUSD.