AUDUSD: 4h Triangle breakout is key in direction of price
Analysis on chart.
If the 2 (iii) wave is actually the end of wave 2, then we will see the triangle break down.
If not, then it will retrace back to 2 (v), testing the 50 fib and top of wedge before a big move down.
All comments welcome
If the 2 (iii) wave is actually the end of wave 2, then we will see the triangle break down.
If not, then it will retrace back to 2 (v), testing the 50 fib and top of wedge before a big move down.
All comments welcome
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.