AUDUSD H4 Long (3301)
Price just formed an inverted head and shoulder in the H1 timeframe and it rejects the golden ratio fibonacci level of 61.8%
Price also did break and close above the 50 Exponential Moving Average in the 1 hour timeframe. Hence, now 50 EMA has turned into a dynamic support.
Price also respected the key support level of 0.7000, hence bullish is expected.
Price also did break and close above the 50 Exponential Moving Average in the 1 hour timeframe. Hence, now 50 EMA has turned into a dynamic support.
Price also respected the key support level of 0.7000, hence bullish is expected.
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