AUDUSD > Possible Bottoming Here, the Trend May Shift Soon!!
Analysis of #AUDUSD
The AUDUSD has formed double bottom near 0.6200, we kind of have a head and shoulders pattern developing now, we can be aggressive and enter a buy trade at the second shoulder if we get a reversal pattern at the lower time frame.
the other way we can trade this market is to wait until we have a confirmed breakout of the neckline resistance and then start trading the buy side if we get a valid setup that meets the rules
Thanks for your continued support!
The AUDUSD has formed double bottom near 0.6200, we kind of have a head and shoulders pattern developing now, we can be aggressive and enter a buy trade at the second shoulder if we get a reversal pattern at the lower time frame.
the other way we can trade this market is to wait until we have a confirmed breakout of the neckline resistance and then start trading the buy side if we get a valid setup that meets the rules
Thanks for your continued support!
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