AUDUSD T Line Out of No Mans Land
The bigger picture is for the Aussie to continue to be under pressure.
Price has moved into No Mans Land , but the bearish overtone and the nearby Sell orders
has pushed the T Line (5ema) below both the Long Term Moving Averages (100.200 ) .
The last 2 candles have been
1. Bearish Breakout of the River = which can trigger a short.
2. The next candle is a fakeout pin which was rejected by the Boli 50 MA.
On chart is a short trade
1. Entry - break of the trigger candle low.
2. Stop - above River
3. Final Target - 1.27 fib extension of the prior swing . Partials should be considered to BANK.
Price has moved into No Mans Land , but the bearish overtone and the nearby Sell orders
has pushed the T Line (5ema) below both the Long Term Moving Averages (100.200 ) .
The last 2 candles have been
1. Bearish Breakout of the River = which can trigger a short.
2. The next candle is a fakeout pin which was rejected by the Boli 50 MA.
On chart is a short trade
1. Entry - break of the trigger candle low.
2. Stop - above River
3. Final Target - 1.27 fib extension of the prior swing . Partials should be considered to BANK.
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