On longer term time frames we can see that this is likely turning into an inverse head and shoulders, it's time to make that right shoulder, I want to sell that trend line break for the move into 7300 area which would make a good right shoulder.
The entry ideal situation is this:
sell trend line break
stops above the highs
target 1st missed weekly pivot/7300 area in extension
Thanks for your great analysis mate!
Here is my view on AUD/USD.
It is based mostly on Market profile (volume)
If you are interested there are more intraday and swing trading levels in my profile page. You are very welcome there!
Dale
Here is my view on AUD/USD.
It is based mostly on Market profile (volume)
If you are interested there are more intraday and swing trading levels in my profile page. You are very welcome there!
Dale