AUD/USD: AUD is strong again

AUD/USD: AUD is strong again

Recommendations:

BUY 0.7195 SL 0.714 TP1 0.7295 TP2 0.7325 TP3 0.748

BUY 0.716 SL 0.7105 TP1 0.726 TP2 0.7325 TP3 0.748

On the daily chart of AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened. Bulls need to break the November high and break the resistance at 0.7325 (61.8% of the longterm upward wave).

audusd_d.png

On H1, there is a transformation of the "Shark" pattern to 5-0. Pullbacks to 23.6%, 38.2% and 50% of the CD wave usually used to buy. 

audusd_60.png

Similar

How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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