AUD demand line broken. Its slope was weak anyway. After the breakdown bulls tried to push above the front line but were strongly rejected.
Now we can say that the bullish trend is over. Bearish trend commenced.
I entered short. Target next swing low.
Now we can say that the bullish trend is over. Bearish trend commenced.
I entered short. Target next swing low.
Trade active:
This thing is gonna fall anyway (by earlier line break projections)...Sometime next week it will hit target. It also correlates with EUR drop...as dollar rises all things fall.