Daily chart: see H&S pattern+"W" bottom, buy after retracement done. Estimated Entry: $1.69-1.68 SL:$1.61 Tp1:$1.78 Tp2:$1.87-1.92 Tp3:$1.98-2.048
The Fundamentals: Jun 8,United Kingdom general elections Jun 15, BOE rate decision meeting: In May meeting,BOE said the timing of the first rate hike will be in the Q4 of 2019, and the tolerance is limited for the inflation being higher than the target. if the Bexit process, may accelerate the pace of rate hikes.
Jun 6, RBA rate decision meeting: In May meeting,the expectations for Australia's future economy remain unchanged. Overall inflation has returned to 2%-3%'s Federal Reserve target for the first time since 2014. However, the RBA's closely watched core inflation is still below its target level. But they mentioned the AUD's appreciation will make economic adjustment more complicated.
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sorry, it's C&H pattern
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Daily chart update: it finally reached the estimated entry: i will try to find an entry for it, once signal cfmd. now should be careful that GU still in bearish trending, and AU is bull.
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Estimated long entry:$1.6648
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4H chart : petential butterfuly pattern will in place at the level
Trade active
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it didn't hit our targeting entry, but broke out the trendline ,so we effected longs at market price.