Please see above our analysis and thoughts on Aud/Usd.
We are anticipating seeing a short term bearish move to double bottom at the lows and start a decline back to the highs and our major daily structural zone.
Will be monitoring the 1hr and 15 minute time frames for entries for our bearish position and then will look for long positions if this scenario plays out.
As always, I’d love to hear your thoughts and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist
Comment
⋅
We have now tested our structural area creating a recent double top and expect price to now start the impulsive move to the downside.