The AUSUSD market is showing a potential buy setup
the market was in a bearish trend
the market gave an impulsive bullish reversal that broke out of the bearish channel
as expected an impulsive move is followed by a correction
the correction retraced all the way to the 61.8% Fib retracement level and showed rejection confirmations
from this level we...
The EurUsd pair has been in a bearish trend. With the formation of the potential formation of the H&S pattern we can expect a potential reversal in the trend. The pattern is visible on the Higher Time Frames, we can use the lower time frames to confirm the overall move.
NB!!!! Always be reactive in the market.
