Double Bottom With Almost 100 Pips Height...
1) AUD/USD is near a critical point which is intersection of upper band of downward channel+Horizontal Resistance+23% Fibo+EMA 100 and it is almost completing Double Bottom pattern.
2) Based on Elliot Wave It seems Wave 5 is completed.
3) MACD & RSI shows Divergence.
so, based on these three it might be a perfect long position with a high Reward/Risk Ratio if price goes upper than 0.6755
2) Based on Elliot Wave It seems Wave 5 is completed.
3) MACD & RSI shows Divergence.
so, based on these three it might be a perfect long position with a high Reward/Risk Ratio if price goes upper than 0.6755