Mohammed Abdullah Posted February 3, 2020 Share Posted February 3, 2020 IS the AUSUSD forming a bear flag formation on the 4 hour chart? if so would it be a good time to sell? Quote Link to comment Share on other sites More sharing options...
0 Sam Farrah Posted February 3, 2020 Share Posted February 3, 2020 It does seem to be that way Mohammed and the AUD has been selling off quite heavily as of late due to a few factors (China, Fires, Possible rate cut etc). There is definitely a flag forming. However, you may want to be wary selling right now. There is an Aussie interest rate decision due tonight with traders and investors pricing in about 50% chance of a rate cut. So the direction of the AUD in the short term all hinges on the rate decision tonight. It may be a case of holding off here and waiting for another entry point, regardless of which way the decision goes. Quote Link to comment Share on other sites More sharing options...
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Mohammed Abdullah
IS the AUSUSD forming a bear flag formation on the 4 hour chart? if so would it be a good time to sell?
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