AUDUSD 5/11/2021 Analysis
after some cooling off and profit taking, reaccumulation has occurred off the daily and price has broken out of a supply zone previously created in the consolidation. as price pullsback to the tops of the shoulders, while a pull back to the bottom of the channel would also be a reasonable but less likely possibility, expect a very bullish movement from the bottom of the fib channel to the .50 channel area before retracing.
Nota
Edit:As AUDUSD has currently broken outside of the Bullish Fib channel we will look for how it acts in its retracement. As we have seen such a big move it will take time for distribution and accumulation to reoccur which I will be watching closely
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.