AUDUSD: Four reasons to short a pair on Monthly time frame
1. 44HMA has almost crossed 77HMA on Monthly chart. It is a very strong signal usually.
2. Potential ABCD was formed on chart.
3. Double Bottom potential looks eye-catching.
4. Imperfect H&S was formed.
2. Potential ABCD was formed on chart.
3. Double Bottom potential looks eye-catching.
4. Imperfect H&S was formed.
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The dangerous asset. A rigorous risk management is mandatory.