Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED.
This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out.
Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.
This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out.
Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.
Comment:
Added over the monthly support. This is a marathon, I'm holding this for months:
Comment:
The expected TP are shown here (purple lines) but it could vary depending on price action:
