Decision time for AU incoming. We will see a break of the 200 Ema, or a bounce to continue the uptrend.
Also noticing a potential Teacup and Handle from .77 handle.
Clone from the last drop from .77 shown on the chart and would be my long term target on this pair. Expiry around 2 months.
A bounce on the 200 EMA will continue the uptrend towards .80 handle
Wait for it develop in the beginning of week 15 for confirmation on the next move.
Also noticing a potential Teacup and Handle from .77 handle.
Clone from the last drop from .77 shown on the chart and would be my long term target on this pair. Expiry around 2 months.
A bounce on the 200 EMA will continue the uptrend towards .80 handle
Wait for it develop in the beginning of week 15 for confirmation on the next move.
Trade active:
In LONG @7497 -> LT TP .7938
