AUDUSD formed an ascending triangle which supports a bearish run; however, due to its previous channel which was a bullish triangle but somehow ended up becoming a bearish run, it is important to consider that likewise with this ascending channel , a long bull run can be considered with heavy consideration of its stochastics. Its EMA 800 should also be considered since it is a highly accurate indicator which can be used to determine where you can position in the long run. So if you are an investor/position trader then you might as well short from this level, provided that you have a very high margin that can support your investment in the long term.
Disclaimer: This is for educational purposes only.
Disclaimer: This is for educational purposes only.
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