Last week AUDUSD gave us a trend reversal pattern and we are still following that analysis. Check my previous post to understand. Price broke previous resistance zones and our most recent is the 0.71646 Area. We had a very strong rejection after USD Job Openings and CAD Interest rate Decisions today, forcing the market to test our new support. I am still a buyer...
NOTE: From the entirety of my screen. I see that price has moved above a 4HR resistance, meaning a change in trend BUY. Heads and shoulders pattern completed on the 22nd of may BUY. Price Approaching Weekend Jump/Support BUY. OVERALL TECHNICAL SENTIMENT BUY. TARGET - 0.71872 ENTRY SIGNAL - 3m, 15m, 1h, and 2h Fractal A fractal is an HLH sequence on the market....
AUD currently on an uptrend, price broke down a mini range with 2% yesterday , price is going to get back to the top of the range with a possibility of breaking above