AUDUSD M15: Signals of a decay of the upward trend are detectable

  • 1 month ago
  • Signals
  • 1 minute Read

The uptrend of AUDUSD is losing momentum, which is confirmed by the pattern formed on the chart.
A Head and Shoulders pattern has been formed. As part of the development of this reversal pattern, a downward trend is expected to develop.
At the same time, the price may test the neckline again after some time.
In this situation, priority is given to short positions.
📌 Entry: 0.67395
✔️ First target: 0.67157
✔️ Second target: 0.67113
❌ Stop order: 0.67453