AUDUSD - Technical short term overview
Aussie may be fruitful to sellers in the next couple of weeks pouring out a healthy opportunity to expect over 200 pips, here are the technical aspects you should consider:
1- Head and shoulders reversal pattern spotted, marking the start of the downtrend
2- Daily lower trendline has been breached and broken low (another reason to expect a downtrend)
3- Head and shoulders structural neckline broken and retested
The white and green horizontal lines mark the secondary and primary structural targets!
Best of luck and happy trading folks :-)
1- Head and shoulders reversal pattern spotted, marking the start of the downtrend
2- Daily lower trendline has been breached and broken low (another reason to expect a downtrend)
3- Head and shoulders structural neckline broken and retested
The white and green horizontal lines mark the secondary and primary structural targets!
Best of luck and happy trading folks :-)
Trade closed: target reached:
target 1 reached at 0.6723