Price has broken out of the falling wedge and established a nice inverted H&S pattern (in green and head in white) Price should find a support at this right shoulder point and move upwards from here Weekly timeframe
It could be wedge developing There is similar picture in AUDCNY If TYX breaks above recent High High was it 3.15 ??? or something like that? If it breaks it means there are two forces playing One Deflation in general economy Second - US Treasury bonds become RISKY!!! That's why TYX is going up FED will follow So there are two scarce commodities left on a...
FX_IDC:AUDCNY Bearish Cypher objective: Once completed at D, Sell it; Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Targets: TP1 38.2% CD TP2 61.8% CD Safe trades; open.spotify.com