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AUD/USD 4HR CHANNEL DOWN PATTERN

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
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OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD Descending Channel support resistance_level movingavarage rsi_oversold Contains image
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trendanalysis chartpattern indicator audusd descendingchannel support resistance_level movingavarage rsi_oversold containsimage
AUDUSD
snapshot

HI , TRADER'S .. MARKET IS IN DOWN CHANNEL OR DESCENDING CHANNEL

It's a bearish reversal pattern , After completing retest of down channel trendline , market can make a double bottom

Or any reversal candle like hammer or doji can be formed , buyer's can push market up from lower support .

Ideal to buy once market breakout of channel down

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