Everything is plotted. wait for the retest.
watch out for the 14th, aussie fundamentals will be released.
Take prof is plotted as well. trail stop as you go.
everything is laid out. do your own analysis. its a simple break of a trend. tigh stop loss. might be hit so keep an eye or risk more.
it will go down to retouch its previous res. it is also an area of a fib retrace so keep an eye out of reversal candlesicks.
shorting, i have plotted TP but this will be up to you. there is a bigger picture on the daily timeframe which i have previosly posted which i believe is now in play.
wait and observe, this is just one prediction. might happpen.
the purple line is a 50% retracement of in the daily timeframe. this would be a good profitable trade
although i have plotted a take prof you will need to monetize this as this currency is in a bull market and has been and i dont think it will change soon.
be sensible on how long you hold this trade for.
The bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region.
I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing .
Don't...
The bias of the bearish momentum is now back in motion . i entered a short on the right shoulder even after and while the consolidation was in play just below the neckline. I TP when i saw the price action started to retrace.
It did retrace and it has now reversed at 50% and tested it's previous support (now turned into resistance)
Everything is kept simple and...
From the analysis i have done, it will be a plain Jane. You do not only see a break through the strong trend-line but also a head and shoulders pattern .
I have taken a deeper look into the 4-hour chart and believe it has already retested the neckline and will be entering a the trade.
(Take a look at the 4 hour chart, it has already tested its previous res and...
