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Long

London Session Watch AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
We have a false break of the inside bar candlestick pattern on AUD/USD . First, the price broke below the low of the inside bar candlestick pattern but then moved back up and closed within the inside bar candlestick pattern which traps the sellers who sold at the break of the inside bar candlestick pattern. Note that the Stochastic and Commodity Channel Index ( CCI ) were both in overbought territory at the time when price broke below the inside bar candlestick pattern which should lead the price lower but it closed back up leaving a false break here. With all the bears being trapped, we could potentially have some buying opportunities in today's London session.
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