Michael_P

AU setting up for a nice rally as dxy loses steam

Michael_P Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
after fridays nfp au created a SFP on the h1 also retested the wick of the daily (spring)
on the m15 chart there is a potential inverted H&S structure left shoulder and head already formed waiting for a creation of the right shoulder to get a great R to R entry
Comment:
almost forgot to mention that there is a 4h bull divirgence playing out at the moment also a extra conformation that sellers are loosing strenght and buyers are winning
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