AUDUSD weekly chart 7th - 12th June 2015
Potential here for a bullish LT setup. Price has failed to break lower over the 1st quarter of 2015 - therefore forging a STRONG SUPPORT LEVEL. Price over the past couple of weeks has dropped aggressively into this support BUT failed to CLOSE lower. Last week candle formation painted a bullish picture with the formation of an INVERTED HAMMER ON STRONG SUPPORT. This week we have have seen AUD rally. This COULD form a 3 candlestick formation = Morning Star BUT would need to see a BULLISH CLOSE AT END OF WEEK for genuine confirmation of this. Got to see Price CLOSE higher than monthly pivot for s start.
Patience is key here. Trigger alert applied