AUDUSD = the Kumo sets the tone.....
Recent Daily Price Action has seen the pair move down from .7650 to .6850. With price rejecting .7250 a possible trendline can be established.
The recent sell off may see a retest of the support zone of .6850.
The Kumo is flat , suggesting price will consolidate over the next few weeks.
1. Scenario 1 - is for the Aussie to consolidate within a descending P wave. If price is contained by the Kumo , then we could see the .6500 level tested.
2. Scenario 2 - a double bottom forms and price esacpes the Kumo.... in which case a retest of the .7600 level is possible.
The chart is depicting scenario 1.
The recent sell off may see a retest of the support zone of .6850.
The Kumo is flat , suggesting price will consolidate over the next few weeks.
1. Scenario 1 - is for the Aussie to consolidate within a descending P wave. If price is contained by the Kumo , then we could see the .6500 level tested.
2. Scenario 2 - a double bottom forms and price esacpes the Kumo.... in which case a retest of the .7600 level is possible.
The chart is depicting scenario 1.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.