AUDUSD H&S in the making (Potential Swing Trade)
AUDUSD Trade idea.
The 10 Months Descending trendline has been broken and reversal is likely imminent. I would wait for the price to come back to the broken descending trendline or Support at the shaded zone to place buy orders.
Target 1 is the nearest Monthly target for now. Most reversal meant to return to it's original point of move, so it's potentially a long way to go.
The 10 Months Descending trendline has been broken and reversal is likely imminent. I would wait for the price to come back to the broken descending trendline or Support at the shaded zone to place buy orders.
Target 1 is the nearest Monthly target for now. Most reversal meant to return to it's original point of move, so it's potentially a long way to go.
Comment:
Didnt take this trade but very nice descending trendline retest and bounce.