The Aussie was basically rejected by MS2 at 0.7228 though it went lower than that, making a false breakout. My opinion on that is that the MS2 will be retested and a rectangle pattern could develop on the 4h and daily chart. The pattern could be between MS3 (0.7144) and MS2. On the long run, however, I see 0.7000 and lower if RBA and FED interest decisions will go into opposite directions. My goal is to short with entry width: 0.7341 - 0.7404. TP1 is 0.7235. TP2 is 0.7156.
Lots of winning pips to everybody!
Lots of winning pips to everybody!
Trade active:
A good entry was achieved at 0.7381 and now I look forward to our target that is 0.7235.
Trade active:
TP1 almost reached, I suggest TPing early.
Trade closed: target reached:
TP2 reached on the 3rd of October, 2018.
