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.
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There is also a Bearish CYPHER pattern completing right in that area at .7640. Forgot to draw that :p
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On hourly time frame !
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TARGET HIT...Went down like a Waterfall !