AUDUSD Pattern Formation
This price has been forming a rising flag pattern, which IMO is a strong indicator of a strong bearish momentum.
The price might either continue with the current bearish movement, or ChoCh to happen and a bullish momentum to happen so as to complete the pattern.
An analysis using a shorter timeframe will follow.
The price might either continue with the current bearish movement, or ChoCh to happen and a bullish momentum to happen so as to complete the pattern.
An analysis using a shorter timeframe will follow.
Note
This pattern has formed a double bottom and has rebounded, we expect that a bullish momentum will follow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.