AUDUSD retesting the broken bull flag
AUDUSD is bouncing off the previously broken upside resistance of 0.7380. This bounce should be confirmed in the coming days with a significant break above 0.7450. If the price action reverses again below the 0.7320 level, it will be a clear signal that this is a false break, and the downside in the channel and lower would be wide open.
Note: look for the long trade entries with the stop loss below 0.7320. If stopped out reverse to a short trade
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
REAL-TIME TRADERS EDUCATION! TRADER’S CLASSROOM ONLY $69 PER MONTH!