After two back to back winners in AUDUSD
(links on the chart), with price bouncing between parallels of a valid median line
, we have another opportunity in AUDUSD
, as sell this time. I have now added a downsloping median line
set into my analysis, only because the slope is pretty active and i have a better path to watch price moving in. We now see that price is being rejected at the upper parallel of the downsloping purple pitchfork
at a level where it meets the lower parallelof the larger upsloping set. If price tests once more the current level i am goinh short with sl and tp as shown at the chart.