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FXShinobi
Nov 20, 2019 5:13 PM

AUDUS H1 - CAN PRICE FINALLY BREAK OUT OF BEARISH FLAG? Short

Australian Dollar/U.S. DollarFXCM

Description

Hey Traders,

Here is my current analysis on AUDUSD on the H1 charts.

We currently have a bearish flag pattern which is in line with the overall trend.

If price can break through this flag I see a further move possibly to .6700 area.

Simple technical analysis and breakout strategy.

Comment

Price has broke out of the bearish flag pattern.
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