Rising TCP Broken - Let‘s go down

Nov 6, 2017

We see that trend continuation pattern has been broken and we also got some confirmation of the price action with bearsih engulfing for going short on this pair to it‘s previous lows by the end of the week.

TP2 could be sitting on 1.62 on longer term period.

Let‘s see how it goes :)
Good Luck!

Nov 6, 2017

Note

Seems that trendline was extended a bit, but now looks like it's broken for good and acts as a strong resistance and it's time to go down for real.

Remember that this TCP is valid until the price breaks previous highs (1.735).

Nov 6, 2017

Note

RBA Interest Rate decision comes in few hours. Interest rate should not be changed, but it's expected that RBA hints hike in 2018 - so we should be good here :)

Nov 8, 2017

Note

We said too soon that TCP is broken, now it should definitely be.