Double Top has formed, waiting for a break of neckline and will pursue with confirmation and price action on short time frames.
Possible AUDUSD LONG As a symmetrical wedge is formed, there is a long opportunity. As well as the possible breakthrough of resistance and following my GREEN uptrend line. Hope this supports your ideas on AUDUSD.
I'm doing a quick short on AUDUSD before my long idea plan in the next few days. Hit major resistance level on 4-hour chart and formed an indecisive bearish doji and shooting star. So I'm thinking its bearish short term until it approaches my green uptrend line and previous support levels.
Parts of Australia go back into lockdown due to coronavirus and may go short.
Channeling down while breaking support. Thinking it will advance to TP target.
Channeling down while breaking through support. Thinking it will advance further down to TP target.
Channeling upwards, will hit the resistance then bounce down, test, and continue upwards. Long Idea - Trade at your own risk