The AUDUSD currency will tend to go short due to the previous downtrend in its prices.TO support this ,a harmonic pattern has been formed.
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The price might ever go long or short.This is simply because of the triangle pattern which allows one to either set a buy stop or a sell stop.The prices might either shoot up or down.
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The market might seem to go a bit higher/long hence the chances of agents who will be buying the base currency value might be as their expectations.
The HH is an abbreviation for higher high which shows that the market moved up and alongside it is an uptrend line.
The HL is an abbreviation for higher low which shows that the market moved down and alongside the...
