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NDOBObanks

AUDUSD Expanding Triangle Pattern Breakout

Short
Australian Dollar / U.S. Dollar (SAXO:AUDUSD)  
NDOBObanks Updated   
SAXO:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis audusdshort audusdforecast expandingtriangle breakouttrading breakouttrade daytrading daytradesignal audusdsignal audusdsetup
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trendanalysis chartpattern waveanalysis audusdshort audusdforecast expandingtriangle breakouttrading breakouttrade daytrading daytradesignal audusdsignal audusdsetup
We expect further downside on this pair, signalled by the formation of an expanding triangle pattern breakout. We can also see the breakout, close and retest of the price below the key level on lower time frames, further supporting our directional basis. The trend has changed from bullish to bearish.
Trade closed: target reached:
Target was reached based on the analysis. Trade was closed based on our trading rules regarding overnight risk.
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