AUD/USD - SECOND DISTRIBUTION PATTERN FORMING - HEADING LOWER?
A clear second distribution pattern is forming.
We have selling into the moves higher on the recent BC and ST by the looks of the volume.
We are also approaching a re-test of the AR in the first larger distribution pattern.
The downward trend that has formed also indicates a re-test approaching.
Watching this closely for some reversal signals to get into a longer term short trade.
Do your own research and good luck.
We have selling into the moves higher on the recent BC and ST by the looks of the volume.
We are also approaching a re-test of the AR in the first larger distribution pattern.
The downward trend that has formed also indicates a re-test approaching.
Watching this closely for some reversal signals to get into a longer term short trade.
Do your own research and good luck.