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AussieWyckoff

AUD/USD - SECOND DISTRIBUTION PATTERN FORMING - HEADING LOWER?

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Dólar Australiano/Dólar Americano (FX:AUDUSD)  
AussieWyckoff  
FX:AUDUSD   Dólar Australiano/Dólar Americano
Trend Analysis Chart Patterns Technical Indicators aussiedollar aussiedollarshort aussie wyckoff wyckoffdistribution wyckoffmethod distribution
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trendanalysis chartpattern indicator aussiedollar aussiedollarshort aussie wyckoff wyckoffdistribution wyckoffmethod distribution
A clear second distribution pattern is forming.

We have selling into the moves higher on the recent BC and ST by the looks of the volume.

We are also approaching a re-test of the AR in the first larger distribution pattern.

The downward trend that has formed also indicates a re-test approaching.

Watching this closely for some reversal signals to get into a longer term short trade.

Do your own research and good luck.
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