Down TL protection. 200% on ATR. We've done 400 pips here, this is overextended, a correction is imminent Profit taking at these levels will be ideal for longs.
no acceleration after break above previous high Correction forecasted
Key level with fib confluence, SZ and 77 figure Recent rally based off Fed dovish rhetoric No underlying AU bullish bias Inter market divergence with copper leading the selloff
We have downgrade on ANZ which will probe a potential increase in provisions for CBA for all energy and materials Recent rally to the retest of broken UTL is due to end of month/quarter pump from fund managers. Shorting the XJO
W5 completion under the 1.15 handle. We would require the DXY to hit the 94 handle simultaneously Strong Fib confluence from 1.146-1.150. Distribution likely at those areas. Smaller time frame charts will be used for entries.