#AUDUSD Bearish Week Expected - Weekly Analysis

AUDUSD is repeating its weekly candlestick pattern for the 3rd time with great accuracy. The coming week is expected to create a bearish candle and the week after will be a bullish candle. This week it is going to retest the trend line before resuming the uptrend again the week after. We have 2 patterns completing near the trend line. So we can take a short position if the markets allows us to. Once we reach the zone and the market has tested the trend line, we can close the short and prepare for long position week after.

Please hit the like button and drop a comment. Let me know what you think of AUDUSD next week. What is your analysis?

Kommentar:

accurate entry in the zone