Aussie setting up for CwH rebound

15 Oca

For the past several months the Australian dollar / U.S. dollar forex pair has been painting a model Cup-with-Handle pattern. The pattern isn't done forming yet, but if AUDUSD breaks above the handle channel, we expect it to advance nicely.

17 Oca

Emir iptal

Once the handle goes past 50% of the distance from the rim to the bottom, the pattern fails. Better, most likely, to look for a Fibonacci or harmonic setup.