AUDUSD 4hr: High Pressure Building
Climate Forecast
- Price outside the Stratus Cloud formation
- AUD Employment/Unemployment Figures were positive for AUD
- Price thus far has moved according to double pattern reaction
- Lagging line (Chikou) must break Stratus Cloud formation to confirm bull trend
- Current Stratus Cloud formation are signs of indecision
- Bull target = length of Double bottom to neckline