-21 Week Horizontal range
-Post Great Financial Crisis trendline break pending
-Weekly Bol band squeeze at this confluence of levels
-Measured move 76.45
Classical charting patterns are always to be taken seriously when they form at key levels on a charts. These "launching" patterns can often be explosive with definitive implications once validated.
Was originally bullish on this pair but AUD pairs as a whole are looking quite weak.
Will commit 30 basis points to this trade on descisive breach of 80.5
-Post Great Financial Crisis trendline break pending
-Weekly Bol band squeeze at this confluence of levels
-Measured move 76.45
Classical charting patterns are always to be taken seriously when they form at key levels on a charts. These "launching" patterns can often be explosive with definitive implications once validated.
Was originally bullish on this pair but AUD pairs as a whole are looking quite weak.
Will commit 30 basis points to this trade on descisive breach of 80.5
Comment:
Will have to wait for a retest or a daily close. Breakout was on the open and I have no where to set a stop against. Hope it doesnt run away on me
Comment:
The train may have left the station without me...
Comment:
Too unclear on this one, Will wait a day to get a daily close and decide from there. If I miss it, I miss it. Been burnt on yen crosses in the past