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Audusd1h

AUDUSD| WHEN TO SELLGood Afternoon Traders, A couple scenarios for you all, potentially we are in ascending channel as illustrated by the dotted trend lines, the highlighted area is my area of interest will Price action push into this area and reject or will we get a strong bullish candle close, ideally for me if we do ill be looking for a further push out of that area and a potential entry, given that price action confirms it. alternatively, we could correct to the side as illustrated and potentially to the upside completing a larger channel or it could start spilling out to side, we will wait for price action to confirm what it wants to do. Let me know your thoughts.
by NK008
AUDUSD ReversalAs predicted in our previous analysis, AUDUSD has just failed to break the Potential Reversal Zone which we view as bearish. We expect price to continue to fall in the long-term, with minor bounces most likely at the former downtrend (dotted green line) and S1, which may look to retest the Potential Reversal Zone. Look out for an M or Head & Shoulders Pattern as confirmation, or if price breaks S1. Trading Ideas: Trade the range (S1 - R1) Trade a breakout below S1 Trade a breakout above R1 Trade an M or Head & Shoulders Pattern
Short
by Elemont