This pair is looking good for long as there is a inverse Head and Shoulder pattern formation and it also get pushed up after that formation but still i will wait for the resistance area to break.
will go SHORT on AUDUSD because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the resistance.
5) Target would be the Support area . Book profit when it reaches the support zone .
ENTRY : 0.71610
FIRST TARGET : 0.71373
STOP LOSS : 0.71633
(Time Frame: H1)
Tren Khung H1, AUDUSD dang the hien xu huong giam manh sau khi pha khang cu W1 tai vung 0.72000 khong thanh cong. Dua tren tinh hinh phan tich ky thuat va phan tich co ban, chung ta ky vong trend giam ngan han nay tiep tuc cho den khi gap ho tro khung W1 quanh 0.70500 . Tuy nhien chung ta khong the loai tru het cac yeu to bat ngo cua thi truong....
Price has broken out of the ascending channel and is moving short.
For those who were not able to get in.
Just wait for the price to break the lower trend line and wait for minimum 6-8hr can for the market to tell us price will continue to go short after it forms a bear flag pattern
I will go LONG on AUDUSD because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone .
3) Target would be the Resistance area . Book profit when it reaches the resistance zone .
4) The price is also forming a Chanel or Rectangle Pattern .
- AUDUSD has just gone through an important W1 resistance level at 0.70783, and passing the W1 resistance at 0.72054.
- Priceline is slowing down a bit when trying to break the resistance.
- Based on strong uptrend and fundamental analysis , we expected the resistance level will be broken and price will continue the uptrend move to reach the trendline at 0.73520....
Hi all thank you already want to click this scenario so in this scenario I discussed AUDUSD in the timeframe 4 hours here we can see that the rising wedge pattern is formed which means the price will be bearish but I do not advise to do direct sales but rather wait for price break support
