AUDUSD is correcting deeply and fast, I am expecting AUDUSD to reverse from here to resume the long term down trend or as part of an extended correction.
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1 hour trend line broken to the downside
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took the short position very early when price was as shown in the above chart
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possible break down as shown in the chart above to resume downside
on 4Hr tf it is forming IH&S and has broke neckline at 0.705, what u think
piphunters
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don't trade H&S so not sure to answer on that.
jhakas
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apart from head and shoulder... aud has another 2 patterns.. 4hr Double Bottom and Daily Double Top and neckline of double top is 0.7015.. and aud so far trading above neckline of double top and neckline of double bottom which is 0.6958... so in total 3 patterns.. and all are confirming bullish side for aud.. here is my view on aud for long time..