Follows the trend
AUDUSD finally breaks 0.8040. With the MACD crossover, it should shoot a bit higher up to 0.8230
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Resistance found at 0.811 which is the resistance level on 2015-05-13
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Last Friday AUDUSD tested the high price at 0.8125, which is near the the high price on 2015.05.13 - 14.
That candle is possibly a shooting star.
A shooting star is a bearish reversal candle, which must come after a rally. It has a small real body at the lower end of its range with a long upper shadow, ideally having a real body that gaps away from the real body of the prior candle, the colour of the real body is not important. The candle's long upper shadow indicates a failure of the bulls to retain the gains.
That candle is possibly a shooting star.
A shooting star is a bearish reversal candle, which must come after a rally. It has a small real body at the lower end of its range with a long upper shadow, ideally having a real body that gaps away from the real body of the prior candle, the colour of the real body is not important. The candle's long upper shadow indicates a failure of the bulls to retain the gains.
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