Forex Trading 2018- TA/FA- Setups and discussion, page-17

Weekly AUDUSD is no sure thing atm.....currently at Red Line Ichu resistance could well see another fall to 75.70 level breach below that and potential for a decent downside move

Upside has resistance at 79c then 81c





Monthly AUDUSD still bullish as blue ichu crossed over red (circled) so if it does fall to test that 75.70 lower trendline I favour a long position for one last big leg upside...who knows could fall a bit deeper as well to set up a bear trap thinking its a bearish flag break on shorter time zones

Also note that that huge cloud of resistance lies ahead on monthly (star)


Daily AUDUSD shows even though its broken through that significant trendline and many trend indicators are bullish, its at the upper end of cloud resistance. It could still move to take out 79c bear stops before reversing to take out bull stops, reverse immediately or keep going up altogether

Overall, its fair to say this pair is at a pivitol moment and could move either way from here- we need to stay on our toes