Trading Aussie by the dots. Waiting currently for a short set–up to finish developing.
Trade active:
After a failure to progress, as shown by the 75 pip RSD to close the week, Aussie should continue down. The projection is for a bottom around 6590. First it has to get below the 50% line of the most recent move up.
Trade active:
Will add to short if it goes higher and stays under the top. The high at 6939 is the SL on a daily close.
Trade active:
Based primarily on tariff war phase 1 hopium, the pair did go higher and the previous trade was exited when the pair closed over the 6939 high. Subsequently a reversal has occurred over 70 and a dot entry developed at 69832. A short was been entered at 70176 based on the reversal at the top. The dots have confirmed a move down is under way. AU finished the week just over the 50% line of the last section up, but well under the "go" line at 25%.