AUD/USD Short Wedge Setup

٢٤ مارس ٢٠١٩

This week we had a bit of a shakeout with AU as price chopped around up and down all week. However, this week price action looks to be showing us sellers are now in control and ready to move price lower. We have tapped the Weekly trend line and threw a massive doji pin bar candle on the top of the wedge pattern. Friday followed with a bearish engulfing wide-range candle pushing price lower. I expect we will see a move to the downside this week, targeting .7000 before we see buyers step back in.