AUDUSD: Short first but LONG position setting up
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I don't feel AU is ready for the breakout at market opening tonight. On 4 hour chart, Stoch and candlesticks are already starting to show rejection of downward trendline which is the sell I'll be entering this week.
Will push to zone between .715 and major support at .70985.
It will consolidate there before approaching the over bearish trendline to breakout of the harmonic pattern for a swing trade long position to at least ~ .76275.
Happy trading everyone!
Will push to zone between .715 and major support at .70985.
It will consolidate there before approaching the over bearish trendline to breakout of the harmonic pattern for a swing trade long position to at least ~ .76275.
Happy trading everyone!
Note
sell was good for this week. Au did as expected and rejected the channel on more time. Fell to .72040.
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