AUDUSD has been trading within a large contracting triangle and is now at the top of the range again. Additionally, there is a POTENTIAL for a CYPHER pattern forming with the C point potentially being established at the top of the triangle. The C point also is near the 50% retracement of the larger recent down trend and is resting at a previous resistance put in back on 3/12.
Looking for this pair to resume the larger downtrend within the contracting triangle and complete the CYPHER pattern.
Looking for this pair to resume the larger downtrend within the contracting triangle and complete the CYPHER pattern.