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MeasuredMove
Jan 1, 2014 5:24 PM

Aussie should continue to fall Short

Australian Dollar/U.S. DollarFXCM

Description

Expecting Plan B but bears might get aggressive and sell at plan A.

I like Plan B a lot. Large pullback to suck in the double bottom longs and frustrate over aggressive bears. Market gets to have a threesome and fuck both sides.

Larger targets are way down at 8400 level.

Update: 1/4/2014
Plan A is already getting some participation. Not sure if it will go all the way to targets or we bounce soon and head higher into plan B territory.


Full updated analysis here: tradingview.com/v/vKGS86G1/
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