The AUDUSD is in a bullish trend channel that has been confirmed many times. I predict that the price will hit the top line around the fifth of February.
The bullish trend channel's top line confluence with an ABCD pattern and a support line from an earlier top.
I will short the AUDUSD at 0.81842. My stop-loss will be at 0.83149 and I'll take profit at 0.81842. That leaves me with a potential loss at 1.6& and a potential win at 6.8%.
The bullish trend channel's top line confluence with an ABCD pattern and a support line from an earlier top.
I will short the AUDUSD at 0.81842. My stop-loss will be at 0.83149 and I'll take profit at 0.81842. That leaves me with a potential loss at 1.6& and a potential win at 6.8%.