Hi guys,
My bias on AUDUSD, 7.04 seems to be hard to break, my plan is to see more downside to this pair.
1) Double Top
2) Price touched 0.704 many times and unable to break it
3) Patterns hopefully repeats itself
Price bounced off the .618 retracement and is heading towards the 0.7 price handle. This pair is good to watch for the next few days.
A break of the 0.704 could suggest more buying power and the bulls taking over.
My bias on AUDUSD, 7.04 seems to be hard to break, my plan is to see more downside to this pair.
1) Double Top
2) Price touched 0.704 many times and unable to break it
3) Patterns hopefully repeats itself
Price bounced off the .618 retracement and is heading towards the 0.7 price handle. This pair is good to watch for the next few days.
A break of the 0.704 could suggest more buying power and the bulls taking over.
Comment:
Break of long term resistance, short trade invalidd, FOMC meeting ahead, please use good management
