Olu

AudUsd: Breakdown And Retest?

Short
Olu Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
5
Price broke down but has since turned tail and gone back up. Price is now attacking the extended breakdown line and there is a possibility that it could turn down here. Of course it could keep on going but I will sell weakness as this 'breakdown and retest' scenario is very common.
Comment:
Fantastic reversal...
Comment:
0.7500 support reached today. A bounce is currently happening...
Comment:
head and shoulder is in play. Looking lower...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.