AUDUSD 4 HOUR CHART ANALYSIS. SHORT ANTICIPATION.
In the 4 Hour time frame, price was previously on an uptrend(shown by the Higher Highs and Lower Highs), forming a rising wedge. Price broke the lower trend line and moved lower.
Price then reversed to the daily zone 1.
What to anticipate... Whether price will break through the previous Higher High (0.62037) and close above it/higher (which means the uptrend will continue) or whether price will break and close outside and below daily zone 1 and the previous Higher High (which means the downward move is on.)
Discussion comments are welcomed.
This post does not provide financial advice. It is for educational purpose only.
Price then reversed to the daily zone 1.
What to anticipate... Whether price will break through the previous Higher High (0.62037) and close above it/higher (which means the uptrend will continue) or whether price will break and close outside and below daily zone 1 and the previous Higher High (which means the downward move is on.)
Discussion comments are welcomed.
This post does not provide financial advice. It is for educational purpose only.