AUDUSD faces a strong support if an AB=CD pattern is finished

25 Eyl 2019

Evidences:

1. Potential AB=CD
2. A support that has tested successfully for 4 times.
3. Also a demand zone (pin bar at that position), showing a strong buy force.

But:

1. A potential inverse cup and handle may be formed after a short rebound.

So:

Do not expect to hold the long position for too long if AB=CD is finished.

3 Eki 2019

İşlem kapandı: hedefe ulaştı