AUD/USD Forecast Movement the month of July 2020

Candlestick Set-up for uptrend. We're waiting for bullish engulfing pattern, V formation, or Hammer candlestick pattern for upward trend of candlestick. For the last 13 trading days the trend is on sideways. On the uptrend it needs to break the price range from 0.69954 to 0.70600 breakout.

Candlestick Set-up for downtrend. We're waiting for bearish engulfing, Inverse V formation, or Shooting Star candlestick pattern for downward trend of candlestick. For the last 13 days the trend is on sideways. On the downtrend it needs to break the price range from 0.68537 to 0.67671 breakdown.

Sideways Ranges. Price ranges from down to up and vise versa were 0.68537 to 0.70600 averaging to 2063 pips. If you will trade in ranging trend, please be careful, there's a tendency that trend may breakout or breakdown and you're capital will be wiped out! So it is important to always put Stop Loss and Take Profit.

Timeframe: D1

Indicators Used: Rectangle, Trend Lines, and Fibonacci

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