snowdrop194

snowdrop194

AUD should come under some pressure given the exposure to commodities and their recent sell off. I am short from 0.86981 following bearish resolution of 38.2 fib and confirmation of double top. A close below the channel would be extra confirmation of a short trate Tgt OTE Sweet spot on higher time frame.

snowdrop194

Double top has come in through the Asia KZ, could lead to the Trade A not reaching its target but stop now moved to break even means the trade at worse will end as a scratch trade. Looking out to see if Trade B gets a double bottom and set's up the BoT through the OTE.