Relief Rally on AUDUSD Following Bearish Momentum Loss
After 13 consecutive days of the bears being in control, it looks as though the pressure is losing steam and we are likely to see the buy orders filled at 6700
This is likely to cause a relief rally back into previous structure.
Confirmation of this prediction is also supported by
RSI Divergence
Low test bars
retests
falling channel
even handle number
Looks like a nice little rally coming if you can catch it.
JG
This is likely to cause a relief rally back into previous structure.
Confirmation of this prediction is also supported by
RSI Divergence
Low test bars
retests
falling channel
even handle number
Looks like a nice little rally coming if you can catch it.
JG
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