These spikes are starting to show strong rejection. There is a trend line
bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle
represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle
. If the price closes above the rectangle
, close the short, and go long, otherwise, stay short and target those 100 pips. If price breaks the blue rectangle
, it will easily cover your loss on the short position and still give you profit. There should be profits either way.