i like the short idea on this pair. meets conditions for C&H patter
Looking to enter trade after price commits to drop @105.892
patiently waiting to buy at .70832
Support and Resistance... the money shot.
still learning these patterns.. I'm pretty sure my fib ratios are right on this one using xabcd
TP 1 at .382 fib Price 74377 Possible TP 2 at .618 fib Price 74944
a little retrace up to the .382 and back down we go.. still holding on to my short positions and buying the pullbacks... its been a fun &profitable ride so far. See ya at the bottom. :-)
Structure broken.. Pattern complete. Expecting price to drop to 44.41 and either continue to down to 39.58 or bounce to make higher high at 55.77
flag pattern trade when price breaks.. will enter sell
awaiting confirmation of buy signal before entering long position if price drops below 1.092...could continue bearish move down to retest 1.070
Looking for breakout: Long- TP at .921 Short- TP at .867
Aussie rally last week was interesting...but I'm unbothered. Looking to collect pips on short position and rake in the dough ;-)