Nickmail
Long

buying up cheapness

FX:AUDUSD   Australian Dollar / U.S. Dollar
442 4 3
With the formation of the inverted head and shoulders on the 4 hour chart ( ), we can see the formation of the reverse pattern on the daily chart .
I estimate the pair drops below 8970 stops where available for sale, 4-hour chart run for the bottom and begin a large-scale correction of the Australian currency. This should also contribute to conversations about inflation in the U.S. which is still that all the silence after the annual injections of liquidity exceed injections in the last 10 years.
So Long from 0.8960-0.9 with a stop below 0.8920.
agree :D
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and finally we have to test at least WMA 483 and a maximum of WMA 888 which are now estimated at 1.0180 for further analysis at these levels. wish you luck!
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Here is positions of retailers: http://gyazo.com/21c0ecff2ec69dd05720b90bebd44146 tidbit of which stops the puppeteer must frustrate to go up and make there a new sale off
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