Because of Dollar weakness ahead ,I do myself Believe that AUDUSD will be Bullish And will reach the Target of 0.70131.
I Have 2 scenario setups for AUDUSD . 1 scenario setup you see above in analysing .
-On Daily Timeframe you can see the price rejected of the Level of Resistance 0.70131 and come down close back below 0.68750 .
-Then After forming a BULLISH SHOOTING STAR it bounch up ( Go Up) .
-On 4 Hr timeframe we see a Trendline And i believe it give a 3rd Touchup to TREND LINE and will go up in bullish move to reach our Target . As you see That small bearish arrow and then long Bullish arrow in (blue colour) on chart.
+2ND SCENARIO SETUP .
If it Break the Trend Line , then We wait to see it to go to resistance Level of 0.68750 and then wait for confirmation of BUY POSITION
I Have 2 scenario setups for AUDUSD . 1 scenario setup you see above in analysing .
-On Daily Timeframe you can see the price rejected of the Level of Resistance 0.70131 and come down close back below 0.68750 .
-Then After forming a BULLISH SHOOTING STAR it bounch up ( Go Up) .
-On 4 Hr timeframe we see a Trendline And i believe it give a 3rd Touchup to TREND LINE and will go up in bullish move to reach our Target . As you see That small bearish arrow and then long Bullish arrow in (blue colour) on chart.
+2ND SCENARIO SETUP .
If it Break the Trend Line , then We wait to see it to go to resistance Level of 0.68750 and then wait for confirmation of BUY POSITION