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From my previous post, i shorted at 1.48 once and make money, but it keeps trying to break many many times, i know finally it will break, stabilize and move further north.
Especially since my H&S pattern fails, and i could draw a small branch of uptrend (in blue), i went in abit late, 1.48745 and after it broke previous H&S neckline resistance around 1.50295, i am so relieft. i am anticipating 1.52 if this is done, 1.55 but keep finger cross. Taking profits part by part, now at trailing stops
On the other hand, i also taking the cue from previous H&S top which the head broke out so far from the long term downtrend line and yet got SUCK back into the downtrend, anything is possible.
Plus MAs, MACD/RSI basically is enough for me
Since it almost hitting the blue channel top, i have actually convert to bears and intend to averaging shorts
AUzy dollar sucks now which is why this thing is happening, due to Oil/Mining in directly