- A formation at the long term rising trend which was completed on breakout above the neckline at 5610.
- Bullish divergence on Momentum
- Breakout back above the two mean averages (50 and 200)
- Major on the weekly chart
Generally this is a guideline for the setup, you should choose whats suits you for entry and exit . For me, A pullback towards the neckline could be an opportunity to long. With a stop loss below 5480.00
My best regards
Subscribe to my trading portal http://thefxchannel.com
I think the Tech wanted to inform anybody about a possible AUD reversal for the up side and we should use that information how we see fit.
I for one thank him for that, because i don't follow the indexes (althought I should).
P.S. In explanation should be double bottom :)