After the poor CPI reading from Australia through the night it has added pressure for the RBA to cut interest rates in the next meeting. the pattern break out gives us a target of just above 7000 but the FOMC could cause a pull back this evening if they keep rates on hold which is likely. This pull back will hopefull find resistance at the breakout point and we can get in for the sell at the better price from there.
Comment:
missed the entry on this one cancelled the trade but look out for next pullback will post options later
Comment:
have taken sell on this now at 7198
Comment:
moved stop loss to B/E
