Update on AUD/USD.
Compared to my last post about a SHS-formation in AUD/USD was a bit off.
To be honest, it was quite a bit off - can't deny that.
BUT i do believe it was a result of the news of the Omicron variant of Covid, which has a tendency to push the market and give it alot of volatility.
Besides that, i still believe we are going through a version of SHS-pattern, which is why i believe in a Long position.
Maybe it is a SHS-pattern with a bit of MJ dancing moves, who knows ;-)
But we are going LONG!
Compared to my last post about a SHS-formation in AUD/USD was a bit off.
To be honest, it was quite a bit off - can't deny that.
BUT i do believe it was a result of the news of the Omicron variant of Covid, which has a tendency to push the market and give it alot of volatility.
Besides that, i still believe we are going through a version of SHS-pattern, which is why i believe in a Long position.
Maybe it is a SHS-pattern with a bit of MJ dancing moves, who knows ;-)
But we are going LONG!
