QUICK TAKE: AUDUSD: Looking For The Top? STILL Not Yet!

24 janv. 2017

For you all who keep insisting on SHORTING this pair and kept listening to sell advice based on structure, overbought indications, divergence, etc, etc....I know you are frustrated losing trade after trade trying to short this pair! But I've done my best to keep warning all that it just wasn't the time to SELL yet! Look at my last post on this pair in which I warned against selling and you can see that I also pointed to prices to continue to move higher! Here's that chart:

Prices kept moving up as I projected they would and in fact moved even HIGHER than I projected! Now that it has done as I expected it would, here in this post I am now showing you what I am looking for to happen before looking to SELL.

For those of you who are confused as what you are seeing here and why I see it this way, you need to see the bigger picture to know where this smaller picture fits in the puzzle. In any case, what's happening here is very typical of the way strong trends tend to end: in some form of ending diagonal. Which is what I am showing here.