#AUDUSD - Possible Bearish flag formation

8 Mar 2017

Hi everyone! Looks like we are having a bearish flag formation here. Although it may reverse at 0.75545 aand form a double bottom. Anyway waiting for a signal to proceed. One of the main reason that will possibly confirm this pattern is FOMC rate decision, which will result DXY to rise before the meeting and if nothing happens, then DXY will start loosing weight.

4 Chart for reference

9 Mar 2017

Not

testing the previous static support.. breakout will confirm the pattern. may close the order here if you dont wanna wait