Thread: AUDUSD - Technical short term overview

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 :-)

This information is very useful, where I am still often learning and practicing, with a lot of learning and practicing, this is what can make me understand more about forex and also be able to analyze the market accurately on a real account together with Tickmill broker.