Heineken moves in a pattern, with a end januari/begin february low and a end july/begin august high.
Using The 20/80 strategy on the fibonacci retracement we find that it has to at least return to 50 that would be the take profit 1
As previous stated we made profit, now we continue selling after the pullback
Broken pattern down, more down to come.
GBP/AUD now in reverse, 3 take profit lines for the long run.
I see we can go as low as 119.400 (stoploss) before returning up.
But then we go back to 124.400 (take profit 1) or even 127.800 (take profit 2)
With current bearish sentiment of markets i expect a small lower to 10 to take profits and then a new up turn to 12/14.
It is a company with good potential.