AUDUSD is bearish and ABCD pattern in process.
The pair has reached to high volume area so the bears should take control from this point.
We might see little more push to the upside to Fib 0.5 with fake breakout but the direction is clearly down in the channel to complete the pattern.
The pair has reached to high volume area so the bears should take control from this point.
We might see little more push to the upside to Fib 0.5 with fake breakout but the direction is clearly down in the channel to complete the pattern.
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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.