Price may go up to complete the bearish harmonic pattern for its move down.
Price moved as a corrective move and now will move down as impulsive.
Breakout and price movement will determine which direction it will go.
Price is fighting at resistance levels. A nice corrective move was setup and waiting for breakout for its continuation down.
NFP might complete right shoulder and move down will most likely occur next week.
Inverted Head and Shoulders creating the right shoulder.
Breakout of the rising wedge on 4H chart. On 15M chart we can slowly see a nice bearish flag forming.
Based on wave formation. Either scenario may well occur. Consolidation for solid line confirms downtrend.
If price creates a consolidation which would be the corrective move expect price to continue down on breakout.
Price failed to go lower on the daily. Strong impulsive with followed with corrective. On 4H chart we can see there being a beautiful bullish flag formation which was the corrective move. I expect price to move up to 1.61516 this week.
Price is on nice downtrend on the Daily. On the 4H a pennant has formed. Breakout of the pennant downward will indicate continuation down.
Price failed to break through resistance. Will be heading towards the 20MA to retest dynamic resistance. On 4H Chart TDI had a nice cross to the downside and price is following. Support levels where price will be heading towards marked.
On the daily chart, there is a nice falling wedge which is forming. May seem not ready to execute so price is bearish with resistance as confluence. On the 4H chart, there is a nice ABC formation in form of a symmetrical triangle. Price may very well reach the support this week.
Price had a hard time making a HH for the week. The TDI has crossed upwards but seems to be lagging. Downside is upon us. On the 4H chart there are two key confluences to look to short this pair. 1. Triple Top 2. Divergence Support should be a good area where price will mee for the week. Trade safe!
A beautiful bullish ascending triangle is forming on the AUDUSD.
Waiting for consolidation and breakout for its continuation down.