As we see we have two turn around candles that later will give a nice 400 pip or 600 depending on news and how people tend to trade with it
For now the aud seems to still maintain that strong sentiment it had in the start of the year
This move will be invalidated if we go below 0.700 as long as that is in place id like to see 0.80/85000 zone reach long term
The examples shown are an piercing candle and a railway
According to whats known and if really the pattern the bottom bullish sign can be more overwhelming unless it made a hammer and not the stated peircing candle.
Now taken in mind we as bulls have to make new highs and hold it and not allpw bears to take the 0.700 coz if so they might take it to 67777_0.66500 which can be a region to buy again
Anyway id expect a whole month of bullish climbing
For now the aud seems to still maintain that strong sentiment it had in the start of the year
This move will be invalidated if we go below 0.700 as long as that is in place id like to see 0.80/85000 zone reach long term
The examples shown are an piercing candle and a railway
According to whats known and if really the pattern the bottom bullish sign can be more overwhelming unless it made a hammer and not the stated peircing candle.
Now taken in mind we as bulls have to make new highs and hold it and not allpw bears to take the 0.700 coz if so they might take it to 67777_0.66500 which can be a region to buy again
Anyway id expect a whole month of bullish climbing
