The US dollar may find itself under additional pressure in the near term. What is the best way to trade on a weaker USD? Have a look at USD/JPY.
AUD/USD: up and then down
2021-01-20 • Updated
AUD/USD has formed a ‘harami’ on the D1 and a higher low on the H4. The pair will likely go up to test the resistance line that connects January highs. There (around 0.7790) will be a great place to sell: it will be the third time the price touches the resistance and a bearish harmonic pattern.
Trade idea for AUD/USD
BUY 0.7755; TP 0.7790; SL 0.7740
SELL 0.7800; TP 0.7750; SL 0.7815
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