AUDUSD managed to form a Head and Shoulders Pattern, and since the slope of the neckline is negative, it is more likely that the pattern is valid.
Also, two moving averages, 50-EMA and 50-SMA, created a ⬇️SELL⬇️ signal.
I expect AUDUSD to fall to the pattern target and 🟢heavy support zone($0.593-$0.55)🟢 after breaking the neckline and 🟢support zone($0.659-$0.652)🟢.
🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Also, two moving averages, 50-EMA and 50-SMA, created a ⬇️SELL⬇️ signal.
I expect AUDUSD to fall to the pattern target and 🟢heavy support zone($0.593-$0.55)🟢 after breaking the neckline and 🟢support zone($0.659-$0.652)🟢.
🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
