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AUDUSD - Technical Short Term Overview - Nairaland / General - Nairaland

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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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