AUDUSD Reached the top of my 4hr bollinger bands on MT4 app.
Broke out of its channel a few days ago and has broken through a trend line support and is currently retesting.
If you follow the link in the "Related ideas" box this will take you to the AUDUSD heat map.
This tells you that the market is seriously over brought and in the short term in a bullish move (which i believe will continue for atleast 20 hours before tanking.
Because of these 4 indications i believe the market is going to have a large retrace to atleast 0.67000
If this goes to plan, could be looking at a 400+ pip retrace over the next few days/week.
I am no expert so do your own analysis and id appreciate and interested in your opinions on the next direction of move.
Broke out of its channel a few days ago and has broken through a trend line support and is currently retesting.
If you follow the link in the "Related ideas" box this will take you to the AUDUSD heat map.
This tells you that the market is seriously over brought and in the short term in a bullish move (which i believe will continue for atleast 20 hours before tanking.
Because of these 4 indications i believe the market is going to have a large retrace to atleast 0.67000
If this goes to plan, could be looking at a 400+ pip retrace over the next few days/week.
I am no expert so do your own analysis and id appreciate and interested in your opinions on the next direction of move.