LONG Zone for AUDUSD

17 Mar 2020

Daily lower highs over 7 days with small daily divergence on price. This could be an area to look above 0.60 for long entries. Should be good Risk to Reward in this area for longs!

17 Mar 2020

Not

18 Mar 2020

Not

18 Mar 2020

Not

18 Mar 2020

Not

Massive buy flag on 4hr! Question is, when dose it break this channel. This is the perfect place for AUD Central bank to trap all the short on AUD and make an example out of all the shorts. Will the bank burn all the shorts or let it keep going? That is the question!