AUD/USD TA 1/23/2020
Aussie/Dollar TA. 8hr chart.
Price is holding up near my green highlighted area supported by multiple trend lines.
If price holds this week I expected a bullish rally over the next 2 weeks and expect this downward trendline to break. If not, I will likely close my positions. I have added numerous positions since my last post and still holding.
The longer term trend is bullish, however price has been extremely bearish over the past few weeks. I expected the right shoulder not to hold last week but was proved wrong.
Let's see where this thing goes.
Price is holding up near my green highlighted area supported by multiple trend lines.
If price holds this week I expected a bullish rally over the next 2 weeks and expect this downward trendline to break. If not, I will likely close my positions. I have added numerous positions since my last post and still holding.
The longer term trend is bullish, however price has been extremely bearish over the past few weeks. I expected the right shoulder not to hold last week but was proved wrong.
Let's see where this thing goes.
