peterly1

INTERESTING CANDLES ON AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
This move can go either way Long or short. I've managed to draw out a wedge which will determine where the next move could be. If the candles are continuing to be bearish for the time being and managing to break through this wedge , it may be worth shorting up to the demand zone (TP). Otherwise if the candle tests the wedge and manages to bounce off it, a short term long is worth considering here where the top of the wedge would be TP. Either way, this chart could earn you a good 100 pips when hit TP. Personally because it's a downtrend, I'm going to short down to TP. Good Luck
The bounce you suggested at the bottom of the wedge for a short-term long ;)
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