It might be a point where price might bounce longterm
NYSE:ACB Seems like getting ready to go. Take a look at: 1) MACD 2) flag 3) wave count
see the chart, + volume increase
What may happen next? Still, it's not a head and shoulders formation until it haven't broke out 0,30. Lets see..
notice how price is pushing north on volume (on 28 ofSept), after small correction
This is just an analysis, one of many ways the price could leave a trace on the chart. In my view the question is whether AUDUSD will go down now or will make last leg up before going down.
Seems like it is breaking trendline .Daily - engulfing. Entrt after a flag
ABCD correction completed, RSI oversold trendline support buying volume So, odds are in favour to go long with good RiskReward
Could be last 5th move up, completing corretion
could be butterfly? If it will work, then bounce might happen around 1.49300. Anyway, seems like without touching 1.5000 Eurnzd won't come up.