Long Shot Aussie/USD

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Looking at the Weekly chart, we can see the formation of a descending wedge
syot kilat

Looking into the Daily chart, we see yet again another descending wedge. Its a more defined wedge on the 4HR chart.
syot kilat

As we can see from the 4HR chart, not only is there a descending wedge, but we actually see that price has just broken past the resistance line of the pattern.
syot kilat

It is important to note that although all these patterns are present and we can gain evidence for a winning trade, we must remember the market can still push price lower to 0.67280 before the reversal takes place.

Penafian

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