FX:AUDUSD   Australian Dollar/U.S. Dollar
Market re-tested the resistance zone around 0.9360 and failed to close above 0.9370. The bulls don't seem to give up any sooner. They may make another run up to break 0.9370.

Note that there is a bearish butterfly pattern there with potential completion slightly above the upper end of resistance zone .

Will be waiting for another false break of this resistance and sell signal to short it back down.

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Casey_Yeo
AUDUSD
Casey_Yeo about AUDUSD 2 2 years ago
MinervaFX
2 years ago
almost there. i'm watching this pattern for a week already to be completed.
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Casey_Yeo MinervaFX
2 years ago
so are you going to place limit sell order there or wait for confirmation?
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MinervaFX Casey_Yeo
2 years ago
I will wait until it hits the top of D. Got burned so many times; so I've learned. The RSI is almost at 80 level and there's also a nice resistance level. It's better to wait in my opinion.
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Casey_Yeo MinervaFX
2 years ago
Agree. AUD is very strong though.
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thanks for analysis
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Casey_Yeo manijeh.kazemi.33
2 years ago
you are welcome!
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MinervaFX
2 years ago
But be carefull. There are many news coming from US. It might be a rough NY session.
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forex_meister
2 years ago
And there she goes.....
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Akil_Stokes TOP
2 years ago
Nice! Was watching this yesterday as well. Not a butterfly fan because of where "D" typically completes, but this one lined right up with previous structure. Nice call!
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