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AnthonyAbiSaab

AUDUSD H4 Analysis

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
AnthonyAbiSaab  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns
5
0
trendanalysis harmonicpatterns
The AUDUSD chart tested two times the resistance level at around 0.71700 and has strongly been rejected. Furthermore, the indicators strongly indicates the formation of a double head pattern. We expect to witness some downward movement, especially that the AUD pairs have been in a bullish rally the past couple of weeks and should refrain a little this week. Hence, the trade would be executed as follows:
AUDUSD
SELL: 0.71400
SL: 0.72100
TP1: 0.70800
TP2: 0.70200
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