davetromp
Long

Aussie Inverted Hammer of support back in range

FX:AUDUSD   Australian Dollar / U.S. Dollar
snapshot
FX:AUDUSD            
Aussiedollar could bounce back into the recent range as it hits support and formed an inverted hammer . Entry would be above the wick and stop below the support. Profit target would be the top of the range.
Good luck trading!
Dave
http://www.davetromp.net
hey, nice view, congrats. It can looks like a range and I see this point too, but I show you my alternative view, what you think?

Reply
davetromp Piet.Hein
Ahoy fellow shipper :-) (What's in a name...?) Looks like a possible continuation in the long run indeed. A possible scenario is a combination of both. So we just had a bit of a false break. Then price might move up for e retest of the bottom of your wedge patttern. I am not in the trade yet. Price first needs to break above the wick of yesterdays candle. I guess it is all about how you trade it.
snapshot

Reply
Piet.Hein davetromp
yep, agree with you :) When/if it be retesting the wedge will be perfect to sell again, I should take it :D Good luck!
Reply
davetromp davetromp
snapshot

Time for the continuation as price is reversing again at resistance and 21 sma.
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