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krugman25

AUDUSD - Price Winding Up w/ 1-2-3 Reversal Setup

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
krugman25 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns AUDUSD 6a futures Forex priceaction Technical Analysis
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trendanalysis chartpattern audusd 6a futures forex priceaction technicalanalysis
Price continues to wind up on the AUDUSD. A potential 1-2-3 reversal pattern has formed with a break of .7570 confirming the pattern and trend change. A failure of the 1-2-3 setup would not bode well for the bulls.
Comment:
The market has climbed a little higher to hug the upper pennant trend line. The big question is will there be a catalyst that pushes it through and validates the 1-2-3 reversal pattern that is also in play.
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