AUD is weak overall, market slowly pulling back up to previous structure.
We could also see a small upward channel. I would be interested to short this at the top of this channel or in the highlighted yellow area in the chart as that would give a very good Risk to Reward.If it goes above that highlighted area. It could be a change in trend.
We could also see a small upward channel. I would be interested to short this at the top of this channel or in the highlighted yellow area in the chart as that would give a very good Risk to Reward.If it goes above that highlighted area. It could be a change in trend.
Comment:
There is also a Bearish CYPHER pattern completing right in that area at .7640. Forgot to draw that :p
Comment:
On hourly time frame !
Trade closed: target reached:
TARGET HIT...Went down like a Waterfall !