AUDUSD Long IDEA
Updated
AUDUSD has been in a continuous downtrend for God knows how long. We have sellers flooding the market since price failed to break the blue line, forming a double top. However, there is what looks like an inverted head and shoulders pattern with a POSSIBLE re-test of the neckline as support, to reach near the trendline as shown on the chart.
NOTE: analysis is for personal use only and is not a signal. It is only used to journal possible ideas to view the outcome.
NOTE: analysis is for personal use only and is not a signal. It is only used to journal possible ideas to view the outcome.
Trade active
Comment
TP1 hit +59 pips (level 0.68800)Comment
NZD also runningTrade closed: target reached
Final TP hit +89 pips
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