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CesarMalacon

AUDUSD inverted cup & handle

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
CesarMalacon Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns
1
0
chartpattern
It tried to do an inverted cup & handle , the handle fell short however. Still the dynamics of the trend respect the direction we shall expect. 50EMA above the price and above the 20MA. It also broke a slightly bullish trend . The price has shown trouble to go through the psychological barrier of 0.7519 - 0.7527, shown in the circles. Shall it goes through, it can go south.
Comment:
Pending order ready
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