Petr Suchanek
Short

AUDUSD BACK AT THE IMPORTANT LEVEL

FX:AUDUSD   Australian Dollar/U.S. Dollar
69 3 1
AUDUSD             back at a very important pivot level.
I suppose a short with stop @0.9373.
Petr            
Was wondering ----
To your experience, does the parabolic nature of this rise
add more, less, or no difference to the
confidence of price action to at least stall at this resistance ?
Thanks for your thoughts !!!!!!
Reply
Petr Suchanek dojitrader
The parabolic upmove in this market formation (in the bigger picture) is a final move in my unconventional pattern before a more serious drop. If the pattern (I call it a "free fall", refer to my older trade ideas...) holds true, it might be a very nice trade.
Now the price is stalling at the level forming a few tails, so it looks good so far.
Let us see.
Petr
Reply
Agree ~
Reply
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