AUDUSD: Long - Consilidation
- ABCD consilidation triangle formed.
- Price has just broken past support line, but bullish spining top doji candle formed, testing the broken support level.
- Stoch indicator has entered over sold region, price to leave over sold region?
- However, MA5 and MA20 still pointing down, indicating continuation of down-trend?
- Bollinger Band bounce up.
- Sentiment: Price will go up the the consilidation triangle's resistance line this week.
- Price has just broken past support line, but bullish spining top doji candle formed, testing the broken support level.
- Stoch indicator has entered over sold region, price to leave over sold region?
- However, MA5 and MA20 still pointing down, indicating continuation of down-trend?
- Bollinger Band bounce up.
- Sentiment: Price will go up the the consilidation triangle's resistance line this week.