5 times bounce from the low, most people are thinking about BUY IN DIP, but be cautious . Let rethink about current situation.
I see that China stock fell sharply last month, and this trend could continue this month. PBOC cut rate, today Australia Retail Sales cann't beat the forecast.
Next week, we have RBA Minutes + Australia Employment report.
I surely RBA will use this meeting as a change to talk down the Aussie to respond the rate decision of PBOC, and most likely the employment report could be NEGATIVE.
This means Aussie most likely breaks the LOW and move lower.
- Back to the .
+ indicator show the indicator are falling down, and there still has the room for the decline: Oversell zone still wait for the contact.
+Price bounce from the intersection of two .
+ The most important thing I want to say is: Head and Shoulder Pattern: AUDUSD is now stop at the neckline of pattern.
Any break the neckline always goes with the downtrend. I wait for the break.
Next week: I WAIT FOR THE BREAK, BUT IF YOU BELIEVE IN MY ANALYSIS, HIT SELL ORDER NOW.
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