AUDUSD recently made a double bottom support level and broke and closed below it.
The price broke and closed below the ascending channel as well, indicating a trend shift.
The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move.
We expect a bearish move.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The price broke and closed below the ascending channel as well, indicating a trend shift.
The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move.
We expect a bearish move.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
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