AudChf long oppurtunity coming up.
Updated
in addition:
Completion of butterfly bullish pattern at point 0.7430 which I will then watch PA for any possible buys.
TA seems a lucrative trade with TP to 0.7560 in extension to 0.7720
FA after today's Aud consumer confidence bad data, this pair should show some correction around the pattern end before moving up again.
Notes:
1/ watch support of double bottom at 0.7460, if that breaks and price action shows no sign of price moving up, then end point of pattern could extend to 0.7360
Economic details:
2/ 16.11 Aud consumer inflation expectation and employment figures
3/ 21.11 Aud monetary minutes
4/ 24.11 Chf industrial figures
Completion of butterfly bullish pattern at point 0.7430 which I will then watch PA for any possible buys.
TA seems a lucrative trade with TP to 0.7560 in extension to 0.7720
FA after today's Aud consumer confidence bad data, this pair should show some correction around the pattern end before moving up again.
Notes:
1/ watch support of double bottom at 0.7460, if that breaks and price action shows no sign of price moving up, then end point of pattern could extend to 0.7360
Economic details:
2/ 16.11 Aud consumer inflation expectation and employment figures
3/ 21.11 Aud monetary minutes
4/ 24.11 Chf industrial figures
Trade closed: target reached
Just short of 0.7560 but trailing stop ensured profit was still taken.Now a similar wedge is forming so waiting for PA around 0.74-7425 for re-entry. Same targets as above.
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