H&S formed on the weekly chart and pair cannot break the gray area.
I see a sell to the bottom trend line. If price breaks this trend line, then a downtrend will occur.
If price does not break the trend, I see a bounce into the next gray level continuing the uptrend.
- New to trading, so comment and tell me how I can improve! -
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EA still seems to be trying to test/break this smaller gray area. If this box gets broken, price will find itself into the bigger gray area, then down to a sell. If this box cannot be broken, price will finally take its fall.
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Could not break zone just like expected came down for a fall. AUD news in a few keep in mind when trading this pair.