jojofang0901

AUDUSD Bullish Reversal Price Action, Watch for Buys

Largo
OANDA:AUDUSD   Dólar australiano/Dólar estadounidense

Hello traders:

Here on AUDUSD, we can see a clear inverse Head and Shoulder pattern in development.

After price has strong bearish phase down from the left shoulder correction, we did not see further bearish downside continuations.

Instead, what we see is a reversal impulse phase, this is a first sign and clue from the price that the bearish momentum could be exhausted.

Latest development after a bullish impulse up, was followed by a channel/flag like correction,
this leads to a right shoulder development of an inverse H and S pattern.

We can now see price has indeed impulse out of the correction now,
so good idea to wait for last confirmation of a LTF continuation correction to develop and finish, before jumping into the buy to the recent tops.

Thank you


I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.