I found this pattern that has been going on for the past couple of months, There is a steep fall followed my a small retrace followed by a fall followed by a larger retrace, The first blue area went up higher than the other ones because of coinbase news. The short term bull might already be over.
Short Trade....Triple Top? I think it may be a bit late to do this however I have been thinking about shorting the AUDUSD all morning. I think that it is still a good short and you can still make a further 40-50 pips. I would looking to get in at around 0.87900 (if it comes back). If it doesn't then afraid this position may be too late. As I wrote this...
Ich denke, dass USDCAD noch einmal das letzte Hoch auf dem Wochenchart bei 1.1180/1.1200 antesten wird.
After looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours. This is a pretty simple High probability trading set up and should be a really good trade. Trigger!
It looks like we have a double top forming on the GBPAUD. I would be looking to sell at anywhere near the resistance levels and aim for a TP at 1.8300, which is what I believe will be the next level of support. This is a long term trade with a fairly short stop loss 1.84889 compared to the potential upside in this trade. TP1: 1.83871 TP2: 1.83015 Regards...