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wookyu2001

AUD/USD LONG

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
wookyu2001 Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis audusdlong audusdbuy audusdanalysis chartpatterntrading
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trendanalysis chartpattern fundamental audusdlong audusdbuy audusdanalysis chartpatterntrading
AUD/USD has been in a ascending channel, respecting both the green trend lines.

In the 4 Hour time frame I can see an inverted Head and Shoulder that has formed in the key resistance area. This indicates that the price will increase.

I expect the price to retest on the yellow resistance area, then continue its uptrend whilst respecting the the channel
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Trade closed: target reached:
Target of 100pips reached!
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