AUD/USD has been in a ascending channel, respecting both the green trend lines.
In the 4 Hour time frame I can see an inverted Head and Shoulder that has formed in the key resistance area. This indicates that the price will increase.
I expect the price to retest on the yellow resistance area, then continue its uptrend whilst respecting the the channel
.
In the 4 Hour time frame I can see an inverted Head and Shoulder that has formed in the key resistance area. This indicates that the price will increase.
I expect the price to retest on the yellow resistance area, then continue its uptrend whilst respecting the the channel
.
Trade closed: target reached
Target of 100pips reached!
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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.