Looking at angles of consolidation on AUDUSD
Looking at angles of consolidation on AUDUSD. Think of in physics when an outstretched arm or beam has downward pressure applied. The beam or arm that is angled higher , (>45 degrees with the horizontal plane), will hold more weight for a longer time. In this case we have consolidation outstretching at a very "Low" angle of consolidation. There is little support to be had at the black line. Thank you.
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