AUDUSD - 1D - Downwardtrend violation - Double bottom retest

AUDUSD has been nothing but trending down for the past years. now we might see a bit of a relief. violating the swings and forming a potential double bottom could be the start of it. but caution - so far, no signs for a reversal - be patient.

Kommentar:

we might have a first reversal sign in this potential head and shoulders pattern, so if we can see a break above the triangle, longs can become more appealing. if we break down further from here, then back to patience again.