AUDUSD Reversal/Cup and Handle?
AUDUSD on the daily showing a nice pattern here with a first confirmed higher low indicating the beginning of an uptrend after a long downtrend. This is all analyzed by using market structure.
We reversed at a major support/flip level and some may see a double bottom and even a cup and handle break out that just occurred.
Our target will be the 0.7025 zone.
The Aussie pairs in general look very good like AUDJPY, EURAUD (as discussed), GBPAUD and AUDCAD (which has already had a major move),=.
We reversed at a major support/flip level and some may see a double bottom and even a cup and handle break out that just occurred.
Our target will be the 0.7025 zone.
The Aussie pairs in general look very good like AUDJPY, EURAUD (as discussed), GBPAUD and AUDCAD (which has already had a major move),=.