Expecting a huge drop from Autralian dollar pairs
Big correction after a huge bull run is incoming.
We can see a big spike, then a rejection, suggesting a formation of a top from the higher timeframe.
setup: Simple break of trendline and restest before going down.
I did my analysis on all the AUD pairs and they all look like they are going to tank!
so let's make some profits folks!
We can see a big spike, then a rejection, suggesting a formation of a top from the higher timeframe.
setup: Simple break of trendline and restest before going down.
I did my analysis on all the AUD pairs and they all look like they are going to tank!
so let's make some profits folks!
Note
EURAUD: consolidation near the top of a resistance, suggesting it wants to break it to the up side.Note
AUDJPY: keeping within trendline. BUT did a stop-out run - fakeout - manipulation - aka whatever you want to call it... suggesting it want to stay below that trendline..Note
AUDCHF: Same story. Broke trendline and is retesting before continuing downwards.Note
Even AUDSGD is looking very sweet:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.