AUDUSD Consolidation in Downtrend
AU really loves chart patterns.
As you can see, every time it tries to breakout of downtrend, it creates rising wedge and just falls more.
Currently, it created another rising wedge with h&s and broke out below creating inverse h&s to retest the rising wedge below trendline and I am expecting another h&s that will fall once again and create double bottom or inverse h&s.
As you can see, every time it tries to breakout of downtrend, it creates rising wedge and just falls more.
Currently, it created another rising wedge with h&s and broke out below creating inverse h&s to retest the rising wedge below trendline and I am expecting another h&s that will fall once again and create double bottom or inverse h&s.
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