moorekapital

AUDUSD MAJOR TREND REVERSAL IN THE MAKING

FX:AUDUSD   Australian Dollar/U.S. Dollar
114 1 2
1. Broad Based trading Range Broken To The North
2. 0.8000 Psychological Level Playing A Ceiling To Price = Minor Triangle, Much Pronounced on 4H
3. A Convincing BO Above 0.8000 takes Us To A Measured Move Target At 0.82950
4. Waiting For More Data...........
5. Sitting On My Hands For Now.
Should 0.8000 Resist Strongly.....We Are Likely To See AUDUSD Back Down To Base Of Broad Rectangle And A Possible BO South
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