BOUNCE OR BREAK AREA!
$$AUDUSD, After Rejecting Daily Trendline Around The 0.770 Area,
AussieDollar Has Drop 120pips Where It Has Re-tested The Famous Support TREND-LINE
Which Price Has Been Respecting Since June 2016.
I Have Also Been Able To Identify On The Daily T-F
That Price Has Formed A Rising Wedge Pattern Which May Indicate A Possible Continuation Of A Downfall
For This Pair,
However Price Is Currently Sitting On The Support Trend-line And 23.6 Which Could Also Indicate
This being an AREA where Sellers May Have TP, & Indicate A Possible Bounce In This Area.
ANYWAYS - WHERE IT GETS INTERESTING
MY Game Plan With AU -
Well Due To The Rising Wedge Price Is In, The Rejection OF THE DAILY TREND-LINE, &
My Game Plan Is To Sit Tight & Be Patience Yep Thats it, & Wait For A Potential Daily Break Of The Rising Wedge
A Daily Close Below 23.6% aka 0.76057 & Will Be Swinging This Pair Down TO 0.72918
$$AUDUSD, After Rejecting Daily Trendline Around The 0.770 Area,
Which Price Has Been Respecting Since June 2016.
I Have Also Been Able To Identify On The Daily T-F
That Price Has Formed A Rising Wedge Pattern Which May Indicate A Possible Continuation Of A Downfall
For This Pair,
However Price Is Currently Sitting On The Support Trend-line And 23.6 Which Could Also Indicate
This being an AREA where Sellers May Have TP, & Indicate A Possible Bounce In This Area.
ANYWAYS - WHERE IT GETS INTERESTING
MY Game Plan With AU -
Well Due To The Rising Wedge Price Is In, The Rejection OF THE DAILY TREND-LINE, &
My Game Plan Is To Sit Tight & Be Patience Yep Thats it, & Wait For A Potential Daily Break Of The Rising Wedge
A Daily Close Below 23.6% aka 0.76057 & Will Be Swinging This Pair Down TO 0.72918