Based on my high-timeframe (HTF) analysis, there is a prevailing bearish order flow on the AUDUSD pair over the past 16 days. However, during the last six four-hour (H4) candles, the price has moved in an upward direction towards yesterday's high of 0.67659, where sellers have established their contract through hidden price rejection.
Furthermore, based on my...
Looking at the AUDUSD , we can see it has formed an A.B.C pattern , whilst also being inside a wedge . I think the pair will either make another high before breaking through the trend line , or it could make an impulse move down through the trend line .. Either way I will be waiting for a break below, close below before entering any shorts.
If we look at the AUDUSD pair, we can see it has completed what look's like a A.B.C pattern. The AO indicator also show's Bearish divergence, so I will be looking to short the pair.
If we look at the AUDUSD piar, we can see the pair have made a lower high, but on the MACD & AO indicator it shows a higher high. This normally results in a move lower.
Looking at the AUDUSD pair on a Daily chart, we can see they have been in a huge range. The pair also look to be consolidating up against the medium term trend line. I expect the pair to continue down to the bottom of the range, and either break through or bounce.
