Art-of-FX

Audusd Possible course of action

FX:AUDUSD   Australian Dollar / U.S. Dollar
70 0 7
On the weekly the Audusd             has a couple possibilities playing out. Two of them I am paying attention to now are a triangle or possible inverse. Regardless of what plays out, wait for some type of confirmation before entering. Will keep the idea updated.
Comment: this would be a good area for a short for a cheeky scalp, stop above price action as we are retesting the underside of the wedge. The risk is very small to a nice reward.
Comment: The neckline is approaching. I think having a close eye on price action here is a wise decision, especially the daily close. I thought more retrace would be in store but if this neckline goes its a bull game. Just be aware of the possibilities on both sides for now
Comment: the daily is looking really nice on this.
Comment: weekly i mean.
Comment: Following the path rather clearly.
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