AUDUSD More potential to move to the Downside
Price broke out from an Ascending channel, There is still more selling power as sellers would move price more lower. Reasons is because there is are two scenario. Price formed a bearish corrective structure as our first confirmation to sell. Also there's a Head and Shoulders Pattern.
Price breaks the neck line this could give more room for price to move to our target area
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Price breaks the neck line this could give more room for price to move to our target area
View Our Entries Here
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Disclaimer
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.