The falling wedge is a reversal chart pattern clearly spotted on this pair. If you trade using price action then you should wait for price to retrace back into into our circle ( clearly showing a classic break and retest of the trend line ) after which you can look for a suitable entry. let me know what you think in the comment section down below. Always manage...
If there was anything called a "perfect" trend, then this should qualify. Look for suitable entries in the lower TFs. Tell me what you think of this idea.
Due to the brexit deal and obvious corona virus saga, the volatility in the market will be massive this week. However, the market will respect certain structures. let me know what you think of this pair and the analysis.
Clearly the trend is bullish but the bullish run has experienced some highs. It is time for the bears to come in. This will be a nice set up for swing traders. look for entry at the lower TFs. Tell me what you think, what are your opinions?
Option A is along term possible pattern formation and option B is a long term possible wave formation. The market movement does not seem to be clear so far this week. AUD is "oversold" and should be due for a buy while the coronavirus has a direct negative impact on AUD. We need to wait for confirmation of price either to the upside or downside before taking a side.