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Nairaland Forum / Nairaland / General / AUDUSD - Technical Short Term Overview (132 Views)
Bullish Momentum On AUDUSD: 400 Pips Down, Potential For Profit / Audusd 4hours Distribution Re-short It Tp 6350 / AUDUSD Will Try To Reverse To The Upside After Touching 78.6 FIB (2) (3) (4)
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AUDUSD - Technical Short Term Overview by Fisher85tow: 10:51am On Feb 20, 2023 |
Aussie may be fruitful to sellers in the next couple of weeks pouring out a healthy opportunity to expect over 200 pips, here are the technical aspects you should consider: 1- Head and shoulders reversal pattern spotted, marking the start of the downtrend 2- Daily lower trendline has been breached and broken low (another reason to expect a downtrend) 3- Head and shoulders structural neckline broken and retested The white and green horizontal lines mark the secondary and primary structural targets! Best of luck and happy trading folks :-)
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