AUDUSD D1 Price Action Analysis & Forex Signal

AUDUSD currency pair has reached what appears to be the possible start of a double bottom pattern.  Price has been in a steady downtrend on the D1 timeframe and has reached a support level last reached in January 2016.

audusd forex signal price action analysis 1

Friday’s daily candle ended as a bullish pin bar and on October 19, 2018 we received a signal from our price action software that a bullish hikkake reversal chart pattern emerged.

audusd forex signal price action analysis 3

AUD/USD Forex Signal

Entry – 0.708327 – 0.709000

TP 1 – 0.712863

TP 2 – 0.71594

TP 3 – 0.721431