AUDJPY || Fate of 19:1 SHORT trade
On-going over 18:1 SHORT AJ trade. Soo Long term
This doesn't mean I'll be watching LONG consolidations swing away,
In fact last week, after SHORT to 78.77 was done, we took some medium term LONG trades.
Presently, my concerns are these historical patterns (the circle price areas)
...and then, if this is a SHORT opportunity.
>>Notice how price behaves when a Double Top, DT forms, and neckline is broken.
Price is now formed similar pattern, and with the presence of the trendline... should we expect a SHORT :/ (about 15:1 RR)
Ambiguity is that the Right shoulder of the third DT formed another DT. So...
which neckline are we looking to retrace to
The one that sync with the trendline, or the one that will break the trendline.
Well, I'm particularly glad to see another opportunity to apply "Smilq's hypothesis of Fractals".
p.s I'm still in local Long swing to 80.91 & 80.71.
This doesn't mean I'll be watching LONG consolidations swing away,
In fact last week, after SHORT to 78.77 was done, we took some medium term LONG trades.
Presently, my concerns are these historical patterns (the circle price areas)
...and then, if this is a SHORT opportunity.
>>Notice how price behaves when a Double Top, DT forms, and neckline is broken.
Price is now formed similar pattern, and with the presence of the trendline... should we expect a SHORT :/ (about 15:1 RR)
Ambiguity is that the Right shoulder of the third DT formed another DT. So...
which neckline are we looking to retrace to
The one that sync with the trendline, or the one that will break the trendline.
Well, I'm particularly glad to see another opportunity to apply "Smilq's hypothesis of Fractals".
p.s I'm still in local Long swing to 80.91 & 80.71.
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