AUD/USD LONG TERM DOLLAR PLAY
Correlation chart shows potential long term short of the AUD.
1. Double Top formation and break of support line. Completion of Double Top brings price down to horizontal correlation line.
2. Strong red candle breaks trend line support
3. USD/AUD showing potential handle formation which brings price to horizontal correlation line
This is a long term play that will require patience.
1. Double Top formation and break of support line. Completion of Double Top brings price down to horizontal correlation line.
2. Strong red candle breaks trend line support
3. USD/AUD showing potential handle formation which brings price to horizontal correlation line
This is a long term play that will require patience.
Note
Also can be viewed as Head and Shoulder Pattern
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.
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.