THE BREAKOUT JUST HAPPENED FOR THE PAIR ON THE H4 CHART SYMMETRICAL TRIANGLE. GOING LONG HERE IS A GOOD CHANCE AND TARGET WILL BE AT 133.664, HOWEVER, BE VERY CAREFUL ON THE SL AS THIS PAIR CAN CHANGE DRAMATICALLY ON EITHER DIRECTION SPECIALLY WHEN ECONOMIC NEWS ARE RELEASED FROM BOTH SIDES. MOREOVER, FOR CONSERVATIVE TRADERS, IT WOULD BE WISE TO WAIT UNTIL THE...
It is going to be very interesting to know where the AUDUSD is heading next, the recent drops shows that the pairs are going to burst into the up trend direction, according to the Symmetrical Triangle, it seems that the price is narrowing into the end of the triangle and I believe it is going to change direction soon.
