In H4 timeframe, AUD/USD price is in the uptrend within this trend line. My analysis is :
1. The price might hit the resistance line around the middle of the trend line channel and back down. In this case, I want to see if the price back to the trend line and form some harmonic pattern with an opportunity to go for long.
2. The price might go up and break the resistance line, That I will wait for them to hit the top of the trend line channel to find an opportunity to short this pair.
1. The price might hit the resistance line around the middle of the trend line channel and back down. In this case, I want to see if the price back to the trend line and form some harmonic pattern with an opportunity to go for long.
2. The price might go up and break the resistance line, That I will wait for them to hit the top of the trend line channel to find an opportunity to short this pair.