CapMoore

A Bearish Flag Pattern May Be Triggered

FX:AUDUSD   Australian Dollar/U.S. Dollar
28 0 2
A bearish Flag Pattern has formed and after a close above
the Kijun Sen (white line), a close below the flag and the
Kijun Sen would give a sell signal. The Monthly S2 Pivot
Support is also respected here. A close below weekly S1
would give a clearer signal. Daily R1 held resistance as
it should in a bear trend. Weekly S1 is at 0,7431
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