Simply Put: Audusd is on an uptrend approaching resistance. We're buying at the breakout of the resistance
We are waiting for a break of the consolidation area before diving into a sell, targets are as stipulated
Lets wait for momentum build-up to the upside exhaust then get our sells in order should this requirement be satisfied
Short GBPJPY, Gartley Pattern
Pattern exhaustion, rejection of current resistance level will lead us lower
AUDCAD completing correction
Lets wait for a pull back and get our shorts in order
Continuing the trend to the downside
Daily Support, Lets buy AUDUSD, a test of the support, buy again
USD has been losing momentum as it approaches this area, and quickly jumping off, are the bulls awaiting to break off the descending channel? Share your opinion on the comments section below lets discuss