AUDUSD HIT MAJOR TREND CHANGE!!!
NOTICE : EUR/USD is also changing trend to the upsite, USD/CAD changing trend to the downside aswell... Pairs are collerated!
So AUD/USD hit MONTHLY TRENDLINE (3rd touch) which act as a extreme support line. It is almost not possible that it will be break trough straight forward so we expect bigger retracment.
We go higher high and higher low on dialy timmeframe.
If you want better entry wait for some sort of reversal patern on D1 or even H4 timeframe (pin bar, engoulfing, inside bar, tweezer bottom).
NOTICE : EUR/USD is also changing trend to the upsite, USD/CAD changing trend to the downside aswell... Pairs are collerated!
So AUD/USD hit MONTHLY TRENDLINE (3rd touch) which act as a extreme support line. It is almost not possible that it will be break trough straight forward so we expect bigger retracment.
We go higher high and higher low on dialy timmeframe.
If you want better entry wait for some sort of reversal patern on D1 or even H4 timeframe (pin bar, engoulfing, inside bar, tweezer bottom).