After the poor CPI reading from Australia through the night it has added pressure for the RBA to cut interest rates in the next meeting. the pattern break out gives us a target of just above 7000 but the FOMC could cause a pull back this evening if they keep rates on hold which is likely. This pull back will hopefull find resistance at the breakout point and we can get in for the sell at the better price from there.
Note
missed the entry on this one cancelled the trade but look out for next pullback will post options laterNote
have taken sell on this now at 7198Note
moved stop loss to B/E
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.