Last week was a great week of trading, and I could bring in more than 650 pips, 450 only came from the EURJPY Bat pattern
, thanks to BOJ rate decision, that I shared here on my page (I have it linked down here). However, I was doing my weekend analysis on my portfolio, and AUDUSD
looks like a very nice trade for next week to consider. Now, I know the chart looks a little bit messy, but I'll explain. I think the relief rally for this pair is terminated, and we are about to go back to the underlying bearish trend
of the market. We are back at the previous trend line
and structure support
which should turn to resistance now. Fib retracement, extension, and inversion, and ABCD harmonic
completion all lining up at a same area. Looking at candle stick formation, the daily doji
close on friday is another confirmation. Sounds more than enough, right?! Good luck!