AUDUSD buy set up -
Market currently on a down trend on a Daily and 4hr time frame. However on 4hr market shape has indicated a falling wedge.
Which is a sign of a potential reversal coming up. Looking at the market to break out from 4hr resistance trend line and to go up to Dialy resistance.
However if that fails the next reversal will be at daily support of 0.68300.
Blue - Daily
Black 4hr
Market currently on a down trend on a Daily and 4hr time frame. However on 4hr market shape has indicated a falling wedge.
Which is a sign of a potential reversal coming up. Looking at the market to break out from 4hr resistance trend line and to go up to Dialy resistance.
However if that fails the next reversal will be at daily support of 0.68300.
Blue - Daily
Black 4hr
Trade active