Trading_Cowboy

AUDUSD 8/25/2017

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FX:AUDUSD   澳元/美元
8/25/2017: I am still bullish on this pair. Analysis has not actually changed in over a week. We are just waiting for the break out to the upside. On Friday we saw a testing of 0.79255 and we see the Weekly and Daily Close over the key level of resistance. On the Weekly we see a three pin pattern which is giving us a strong indicator of additional upside. THe Daily we saw a Morning Star pattern formation, again, a good indicator of more upside coming. I personally will wait for a bullish confimration candle on the daily to confirm as the friday candle was partially due to news and we need to see how this settles. On the 4 HR we are seeing a cross of the 8/18 EMA BEFORE the Counter Trend line whch is a key indicator of upcoming moves to the upside in an aggressive manner.
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