AUDUSD - Potential Bullish Reversal, LONG
Dear Friends,
CPI Today, be Safe!
How I see it:
Falling Wedge Pattern.
Price is holding around fair market value, exhaustion characteristics.
Safest Option:
Waiting for a wedge " breakout and hold (or Re-Test)" for a "Long" entry.
The falling wedge pattern "breakouts" can be some of the most explosive of all breakouts.
Keynote: (Patience!)
"Falling Wedge Exhaustion" patterns are the best bullish reversal indicators
in my opinion.
It is also the best breakout patterns for a "LONG" entry of course.
Whatever happens, regardless of the strength and the distance
of the "breakout".
IT HAS TO COME BACK AND TEST THE BREAKOUT "ZONE" AGAIN, ALWAYS!
I deeply appreciate you taking the time to study my analysis and point of view.
CPI Today, be Safe!
How I see it:
Falling Wedge Pattern.
Price is holding around fair market value, exhaustion characteristics.
Safest Option:
Waiting for a wedge " breakout and hold (or Re-Test)" for a "Long" entry.
The falling wedge pattern "breakouts" can be some of the most explosive of all breakouts.
Keynote: (Patience!)
"Falling Wedge Exhaustion" patterns are the best bullish reversal indicators
in my opinion.
It is also the best breakout patterns for a "LONG" entry of course.
Whatever happens, regardless of the strength and the distance
of the "breakout".
IT HAS TO COME BACK AND TEST THE BREAKOUT "ZONE" AGAIN, ALWAYS!
I deeply appreciate you taking the time to study my analysis and point of view.
Note
Falling wedge pattern still containing the price at this point.
However, first sign of bullish strength yesterday from confluence
@ 0.61620 - 0.61730...
Monitor green energy and quality in new week, BOJ likely to hike Yen rate!
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