AUDUSD Short Term Sell Forecast

Hello Traders:

First forecast/analysis to share after the long break.

What I see here is a possible short term bearish move from AUDUSD.

We can see on the higher time frame, price has reversed from a double tops price action.

An ascending channel structure, as we know is reversal in nature, hence after the structure completes,

we see price begin to impulsely move down.

This is a good indication for further downside opportunity.

As usual, dont rush to enter, watch for confirmation for the continuation correction to form and complete, before entering the market.

thank you

Jojo

Kommentera:

Price is still consolidating in this ranging price action. Could still complete a potential bearish correction, wait and see is best option.

Kommentera:

Looks like consolidation finishes and price is begin to push down lower.

Kommentera:

Price has indeed hit the previous lows to complete the impulse phase.