After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
AUD/USD: the AUD plans its further movements
2019-11-11 • Updated
SELL 0.7150 SL 0.7205 TP1 0.7060 TP2 0.7 TP3 0.6950,
BUY 0.7240 SL 0.7185 TP1 0.7340 TP2 0.7380 TP3 0.7435
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues. If bulls manage to move the pair out of the downward channel and implement the blue "Shark" pattern, the odds of the rise towards its target near the 0.7380 level will increase.
On H1, bears managed to activate the purple "Shark" pattern due to the 5-0 one. If the pair returns to the resistance at 0.7240 and retests it, the odds of the violet "Shark" pattern's implementation will increase.
After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
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