madanhileeroy

madanhileeroy

Good day traders, I hope you are all well. There have been some modifications to the previous AUDUSD setup that I recently uploaded so lets get into. As you can see on the picture I uploaded above we can clearly see a "pending inverse head and shoulder formation", head and shoulder is one pattern I really understand so that is why I will mostly be referencing to...

madanhileeroy

Good morning everyone, I hope you are all well. I have broken down AUDUSD from the weekly or monthly that I recently uploaded down to the H1 timeframe with hopes of a better understanding as to how price will go about from the support on the weekly to the high of the left shoulder of our "head and shoulder" structure on the weekly. As we can clearly see on the...

madanhileeroy Updated 

Good day everyone, i hope you are all well. As per the structure of AUDUSD that i have shared above, we can clearly see that price has reached a very strong level of SUPPORT and we clearly see what happened the last few times prices was on this support and based on that we can expect price to reject the support again and go bullish. To breakdown the setup further...