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Incredo
Sep 13, 2018 4:23 AM

Long AU after forming bullish structure - inverted H&S? Long

Australian Dollar/U.S. DollarFXCM

Description

Macro-data has been buoyant for AUD so far, technical analysis shows break upwards for AU.

Expecting an inverted H&S or Cup & Handle formation to occur, giving us a good entry of 0.7144 at best, or 0.7165 for more aggressive positions.

Stay Tuned.

Comment

Plan in play, good luck all.
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