Looking at angles of consolidation on AUDUSD

3 ส.ค. 2017

Looking at angles of consolidation on AUDUSD. Think of in physics when an outstretched arm or beam has downward pressure applied. The beam or arm that is angled higher , (>45 degrees with the horizontal plane), will hold more weight for a longer time. In this case we have consolidation outstretching at a very "Low" angle of consolidation. There is little support to be had at the black line. Thank you.

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