PinkParadiso

PinkParadiso

Price just bounced off a weekly upwards trendline and has broken short term downtrend and retested. I think we can expect it to go up a bit over the next few days

PinkParadiso Updated 

We see an upward trend line on the daily with a third touch just completed. After the third touch we had a morning star formation on the daily timeframe. We may either see the price break through the short term downward trendline and keep going or do a slight retest to the indicated demand zone before going up.

PinkParadiso

We have a confluence zone here on AUDUSD with the daily trendline in deep orange and daily demand zone marked in green followed by some buying momentum we can already see forming. The price could either restest to the demand zone and shoot up or we may see the price just break straight through. Let's watch and see!