FX:AUDUSD   Australian Dollar / U.S. Dollar
Hi Traders,
as we have shown in our previous analysis (see below), this technical rebound was expected, and it could still be interesting to follow this pair in the short term. Looking intraday chart, we can think of a development potential bullish HEAD AND SHOULDERS , at the moment this is just an idea, and needs to be supported by other models, but the expectations of this swing could give us some trading opportunities in short term. If our projection will be correct, a potential bullish setup will have more chances of success, and this means that it will most likely be possible to find a setup with a good risk/return ratio (=/> 1:3).
In conclusion, we will follow the pair and the potential swing expected and if there are conditions, we will try to take a long position.


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Thank you for support and trade with care!
what is the best price to enter ??
OMG..... A reversal!
+1 Reply
Victor.Y.F Victor.Y.F
@Victor.Y.F, can go lower before next US dollar hike.
on daily time frame, 13 Feb 2018 is reversal doji candle, is pattern is still valid with this candle?
today sell audusd short 1 hour, it will go below 078521.
Exactly what I was thinking. Good job. Thank you :)
+1 Reply
But it has broken down the uptrend line and retest it. Do you think it is going to be a "retest" or a "pinbar" ?
+1 Reply
@kaz3m, the bullish target has not yet been reached and the pattern is still valid....this is important!
Great analysis. Many thanks :D
+2 Reply
thanks for the analysis
+2 Reply
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