AUDUSD just broke upwards from a downtrend on the 4H, however the current channel is very narrow and unsustainable.
Price is at a major reversal zone, and we expect heavy resistance to hit soon.
We are looking for an M or Head & Shoulders pattern to form at this zone to enter a short trade towards the TP zone.
Price is at a major reversal zone, and we expect heavy resistance to hit soon.
We are looking for an M or Head & Shoulders pattern to form at this zone to enter a short trade towards the TP zone.
