AUD/USD:Price continues to Fall , ABCD Pattern and SELL

6 Sep 2022

As shown in our previous Idea ( Link and picture in description Below ) the AUD/USD inside a bearish channel, form an AB=CD Pattern with the last rebound on the dynamic trendline at 61.8% Fibo. The price since this point, where we had our entry it's fallen down very strongly and today the general view it's for a continuation of this tendency by the price. The RSI is still strongly on the Bearish side meanwhile the Stochastic it's close to entering in the Oversold area. We are looking for a continuation of this trend.

6 Sep 2022

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6 Sep 2022

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