Those who are aware of wave patterns might want to find clear similarities between two encircled areas.
The pattern under scrutiny is an ending diagonal which could bring AUD heavily down.
Those who trade momentum indicators could turn them on and discover divergencies on 1H up to 8H.
Even if the pair is eventually going up it will have to retrace some more which I want to believe will happen due to the consequences of this ending diagonal
The pattern under scrutiny is an ending diagonal which could bring AUD heavily down.
Those who trade momentum indicators could turn them on and discover divergencies on 1H up to 8H.
Even if the pair is eventually going up it will have to retrace some more which I want to believe will happen due to the consequences of this ending diagonal
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Amazing
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