Onto the Hong Kong Dollar pair series, we have HKDAUD first up. Bearish. Zigzag forming now, in C Wave. Fibonacci extension gives me three goals in purple, and invalidation is in red as per usual. Remember, this is not financial advice - your decisions are your own.
Trying to play a long term trend change here. Had a dropping trend channel from the start of 2018 and this month we have had the first breakout of this channel. We had a nice double bottom in Oct which already reached it's target. At the moment it has dropped but it could potentially make a right shoulder for an inverse H&S. I am going to scale in several orders....
