snowdrop194

snowdrop194

6h Chart - What's clear to me from a technical perspective is that a big bear AB=CD is currently working away. It's tgt is the old November 2013 Low. I have highlighted some other tgt's in case of further downside pressure: 1. 0.786 Fib retracement, If the bulls cannot keep BTC above $250 this has very bearish implications 2. Significant old high ($215) can act...

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.