halictus

AUDUSD looking to recover on higher timeframes, big move ahead!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
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2
The pair might retrace once more time to the downside but in a few weeks time we expect a break to the upside. A huge monthly bullish cypher has completed at the 0.71-level with high confluence. The market formed a nice double bottom with bullish divergence on the RSI . A text-book entry as a 2618 was formed shortly after and the consodilation is now starting to form a triangle.