Despite the current bull run in Euro, AUD has failed to create a higher high. Therefore, I will short AUD to monthly trendline.
The price action has put a large reversal candle at 62% retracement.
The market has completed the first leg of a 5-3-5 zigzag correction. I believe that B-C leg will terminate at $295-$298. Moreover, there is a morning star pattern at the end of the wedge.
The price action has created an evening star pattern at .618 retracement. I expect the trend continuation from here.
The price action has shown a morning star pattern at the .618 retracement.