AUD/USD: trade signals

AUD/USD: trade signals

Recommendations:

BUY 0.7585 SL 0.753 TP1 0.765 TP2 0.769 TP3 0.7775

SELL 0.7535 SL 0.759 TP1 0.747 TP2 0.7435

On the daily chart, AUD/USD reached the 200% target of AB=CD and bulls managed to counterattack. This time, a pin bar helped them. To continue the rally to 88.6% target of a “Shark”, buyers need to pull the pair above 0.7585 and lead the pair out of the downtrend channel.

AUD1.png 

On H1, AUD/USD in line with the short-term uptrend formed a reversal 1-2-3 pattern. A break of support at 0.7535 will increase the odds of the decline to 88.6% target of the “Bat”.  

AUD2.png

aud

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