While 90% of traders are predicting Long, you're doing the opposite, but having said that the area you want to enter your Sell is quite plausible. My only question is how will you look for a price action confirmation? What needs to happen to tell you to open the sell trade. I am just curious.
P.S. In fact your first prediction is also Long followed by Short.
INVESTBEYOND-FLETCHER
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@Helena_FX, Hi Helena, for me it was a shift in bias based on market structure change. My initial longs did not produce a new higher high and in fact rejected into a new low. So shorts where my main objective after this structure shift! Plus AUD was picking up some pace across the majors
INVESTBEYOND-FLETCHER
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@Helena_FX, For my self I look for reversal formations on lower time frame frames within my target fib zones. On this pair it provided a M on the m5 chart with divergence on the 70 fib unfortunately
P.S. In fact your first prediction is also Long followed by Short.