AUDUSD Hammer pattern rejecting Daily support

AUDUSD Hammer pattern rejecting Daily support

AUDUSD Broke its daily support and bounce back rejecting the lower price and formed a Hammer pattern. If next candle close as bullish candle and within the range of base candle a reversal entry can be taken here.

 

Key Points-

– Daily support

– Hammer pattern

 

AUDUSD Hammer pattern rejecting Daily support