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jojofang0901

AUDUSD Look for Continuation Sell

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Australiensisk dollar/USA-dollar (OANDA:AUDUSD)  
jojofang0901 Uppdaterad   
OANDA:AUDUSD   Australiensisk dollar/USA-dollar
Chart Patterns Wedge Flag Parallel Channel priceaction structure pattern impulse correction
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chartpattern wedgepattern flagpattern parallelchannel priceaction structure pattern impulse correction

Hello traders:

Also on my watchlist is AUDUSD which has good bearish price action in the making.

From the HTF rising wedge, price broke out follow by continuation correction.

Then the latest price formed a deeper pullback, but a Head and Shoulder pattern was formed within the flag/channel correction. Good indication we can get another bearish run.

Similar like AUDCAD, I would wait for a confirm breakout from the channel, and a LTF continuation correction to get in on the sell.

thank you

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