AUDUSD Look for Continuation Sell

2021년 4월 22일

Hello traders:

Also on my watchlist is AUDUSD which has good bearish price action in the making.

From the HTF rising wedge, price broke out follow by continuation correction.

Then the latest price formed a deeper pullback, but a Head and Shoulder pattern was formed within the flag/channel correction. Good indication we can get another bearish run.

Similar like AUDCAD, I would wait for a confirm breakout from the channel, and a LTF continuation correction to get in on the sell.

thank you

2021년 5월 2일

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