Hoddgittoo
Short

AUDUSD, Short to 0.70000

FX:AUDUSD   Australian Dollar / U.S. Dollar
Daily TF has shown LH and LL. Yesterday, not only did we have a very strong bearish engulfing , we also had a double top to confirm this, with a break of the trend line . There is a strong 2h bearish wick off of the 50 Fib and a possible H&S pattern currently being formed. If bears take over, I believe it will drop down to 0.70000 and beyond.
Failed to see weekly H&S pattern a d didnt see VERY STRONG weekly support.
Reply
MA's were crossed to the upside and there was no sign if bearish rally on higher TF. Be more patient.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out