AUDUSD In Near-Term Correction After Bears Were Stopped By Daily Cloud Base

Discussion in 'Technical Analysis' started by Kaitlin, Sep 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Yesterday's strong bounce from double-bottom that was left at 0.7440, might signal stronger bounce, as steep descend from 0.7730 high was contained by ascending daily cloud base. Also, a pause in recent bear-action, was signaled by failure to firmly break below weekly cloud top, reinforced by weekly Kijun-sen line that[​IMG]

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