I have provided a possible bear pennant play where the USD may push further as we approach the new year. Despite the AUD showing great strength up until the 25th of October, we are now seeing a great wave for the USD.
The Stochastic RSI is approaching a bearish play-out, while the MACD has produced a bearish cross as its below 0.
The horizontal lines provided are the TP in succession, with the final TP being the least likely of hitting as it relies on the successful reach of the bottom of the pennant.
Thank you.
The Stochastic RSI is approaching a bearish play-out, while the MACD has produced a bearish cross as its below 0.
The horizontal lines provided are the TP in succession, with the final TP being the least likely of hitting as it relies on the successful reach of the bottom of the pennant.
Thank you.