Price is still in a over all bearish market
with the RBA cash rate decision looming
around 12:30am on 6/6/23.
Currently price is retesting a
bearish flag pattern on the daily
and forming a DBL Top on the 4hr.
I am anticipating that the RBA
will not increase the rate thus a deep
move down will occur.
Imbalance on the daily around .64000
could be fill. Sell stop set
below neckline , stop loss above
peaks.
with the RBA cash rate decision looming
around 12:30am on 6/6/23.
Currently price is retesting a
bearish flag pattern on the daily
and forming a DBL Top on the 4hr.
I am anticipating that the RBA
will not increase the rate thus a deep
move down will occur.
Imbalance on the daily around .64000
could be fill. Sell stop set
below neckline , stop loss above
peaks.
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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.