AUDUSD GOING LONG
AUDUSD rejected 3 times on the trendline and on then formed an inverse head and shoulder pattern, went back up and broke through the downtrend trend line on the 4th attempt. It then came back, retested at the trend line after forming a head and shoulders but price is on a major support. I am expecting price to go long to the top of the head and shoulder pattern. It is a definite trend reversal, from a downtrend since 2018 to now an uptrend.
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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.