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NikaJourney
Apr 28, 2019 11:08 PM

Continuation to The Downside 

Australian Dollar/Canadian DollarFXCM

Description

Overall move is still bearish.
But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade.

I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then continue the short. Or it can shoot back up close to the overall trendline before returning down.

And YES, I do believe we are going to see a return to the weekly level for my max TP.

BULL TPS:
  • 0.94094
    If breaks through...
  • 0.95180 for bearish harmonic
  • 0.95521 to prepare for next drop


BEAR TPS:
Based from current trendline at price...
  • 0.94527
  • 0.94227
  • 0.93688
    From the possible harmonic...
  • 0.94904

Comment

[B]BULL TP1 HIT!![/B]
I know... late posting the result.

[B]BEAR TP 1 and 2 HIT!![/B]
I will be a happy camper if it can get all the way down to the weekly
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