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Forex Signal for AUD/USD: Reverse C&H Pattern Gives Signals of Weakness!

Forex Signal for AUD/USD: Reverse Forex Signal for AUD/USD: Reverse C&H Pattern Gives Signals of Weakness!Forex Signal for AUD/USD: Reverse

Forex Signal for AUD/USD: Reverse C&H Pattern Gives Signals of Weakness!
Yazar: Ross Sutton

Yayınlanma: 5 Temmuz 2021 22:48

Güncellenme: 25 Aralık 2024 00:41

Forex Signal for AUD/USD: Reverse C&H Pattern Gives Signals of Weakness!

  Forex Signal for AUD/USD: Reverse C&H Pattern Gives Signals of Weakness!   As this pattern is usually a sign of a downtrend, the pair will likely continue its downtrend.   Bear Market Outlook
  • Sell ​​AUD/USD to take a profit at 0,7460.
  • Add a stop-loss at 0,7580.
  • Timetable: 1-2 days.

Forex Signal for AUD/USD: Reverse C&H Pattern Gives Signals of Weakness!

Bull Market Outlook  
  • Set a buy-stop at 0,7530 and a take profit at 0,7600.
  • Add a stop-loss at 0,7480.
  The AUD/USD pair showed little change in early trading in light of US non-farm payrolls (NFP) and soon-to-be-announced Reserve Bank of Australia (RBA) interest rate decisions. The pair is trading at 0,7520, about 1% above last week's low.   audusd-05072021

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