Trend change, momentum phase - AUDUSD
At 17th of January, price attempted to continue in a downtrend, but it quickly reversed with a ripping force, completely evaporating the attemptation summit. Price then created a pullback after change of character, and respected the broken high as such. So right now, the market is starting to push price higher, and I think it attracts toward the broken structure of December 17th.
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.