Forexpro

Upmove in AUDUSD after re-test of flag boundary

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
2
1) First we have have seen a strong up-move in AUDUSD forming a clear flag pattern for continuation.
2) The flag pattern showed a break out upwards but price is now coming down for a re-test of the flag boundary. First a strong SR at 0.9200 has to be broken and then establish a long position at appr 0.9130.
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.