AUD/USD: the AUD plans its further movements

AUD/USD: the AUD plans its further movements

2019-11-11 • Updated

Recommendation:

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. 

audusd_d.png

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. 

audusd_60.png

 

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