Aussie dollar goes lower than ~2 weeks prior low
Just disappointment, after disappointment.
Short trade to test out the tough support line of what can appear to be a rising wedge on the weekly time frame. Monthly chart also had a death cross, how much worse can this get.
We may get a TD 13 buy signal in a few days through the demark indicator also which could be a sign of selling momentum exhaustion (daily). So keep that in mind.
TD indicator told me to go short as soon as we went lower than yesterdays close.
Will we break down this time? Time will tell
Short trade to test out the tough support line of what can appear to be a rising wedge on the weekly time frame. Monthly chart also had a death cross, how much worse can this get.
We may get a TD 13 buy signal in a few days through the demark indicator also which could be a sign of selling momentum exhaustion (daily). So keep that in mind.
TD indicator told me to go short as soon as we went lower than yesterdays close.
Will we break down this time? Time will tell
Trade closed: target reached:
Victorious trade. Stop loss in place in case of absolute breakdown