Right now, AUDUSD is holding structure at a semi-major price point,
forming a triple bottom for a possible retrace of the major downtrend line,
or a break, retest and sell off of the held structure.
This scenario matches with the head and shoulders pattern on the daily chart.
Watch for price off to sell off of the major downtrend, or off the break and retest of structure.
Cheers, Archer
forming a triple bottom for a possible retrace of the major downtrend line,
or a break, retest and sell off of the held structure.
This scenario matches with the head and shoulders pattern on the daily chart.
Watch for price off to sell off of the major downtrend, or off the break and retest of structure.
Cheers, Archer