Pivotal moment for AUDUSD (Hopefully Bearish)

FX:AUDUSD   Australian Dollar / U.S. Dollar
I believe we are at a pivotal moment for the AUDUSD             depending on the next 1 or 2 candles. The yellow line above was a major support level in the past for the head and shoulders pattern and was also validated a few more times after that before break at the neckline. If price stays above this neckline in the next couple of candles, I predict the AUDUSD             will consolidate around this area or head up, using it as support. BUT if next candles are bearish and below this support line than I feel confident in shorting the AUDUSD             with stop lost at 0.7734, target one 0.74005, and target 2 at 0.73043. Support level should turn into resistance, creating a good risk vs. reward.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out