In the weekly frame price seems to be correcting the whole impulsive leg in a flat structure. Currently we are in the B part of the flat. For those who have not positions in this pair try to look for pullbacks or corrective strucutures in lower time frame to join the bearish trend
AUDUSD had pulled back a little bit after the NFP, and that's when this 2618 start to worth attention!
0.6925 will be the combination spot, and it's easy to just put the out below the 0.6895 (structure and fig)
Let's see how it goes yo!
KIRK has been dropping rapidly for the last few months. Falling right into monthly demand right now. Bought the monthly support. Looking for a bounce to about 6.80, but i plan on closing my position around 5.50
The huge ending diagonal with a strong bearish divergence confirms the reversal, but it may give another push then do the reversal, try to look for correction or wait for the diagonal to break the structure then enter short