Hi fellows. If you were following me on this pair than you remember that yesterday we were looking for long from bottom and some price action at the falling wedge trend line for breakout. Price showing some nice price action under the tend line and reversing. If you are not in from the top then watch for tren continuation pattern formation for another sell setup Up to the new low. In case price breakdown then hold your short for further downside. In case price hold the bottom than take off and look for upside. Any breakup from current price to the upside will put the price at top again then i will look for short from the top trend line. Good Luck fellows.
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TCP is forming fellows watch it.
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So far so good fellows, flag formed and broken down amazingly. It seems to me that AUD is week across the board. AUDCAD is falling to and AUDNZD as well good luck fellows
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if impulse do not appear and price keep falling then keep your short only exit from your short if impulse appears and then look for buy.
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One more wave down is also possible but look for sell close to the trend line. here is the lower time frame structure and bigger time frame structure. If price will hit the bottom the we will look for reversal to the top
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No early selling watch for price action under the trend line if price stop there then look for sell. Break up is possible here is the update.
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Watch for sell at under upper trend line.
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Price has changed slightly but we are still bearish on it.
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Hi fellows, If you are not in this trade from top then look for TCP completion and then look for breakout.