The last 2 trading days, price rejected formed Pinbar and the 2nd day formed an Inside bar. To ride the price up for it to retest 116.00 I would wait for the price to retest 50% retracement of the inside bar for long. And will sell at the 116.000 level.
The AudUsd broken the daily trendline and have retraced to the 76% fibo level on the backside of the trendline. Made a down move since it touche the backside of the Daily trendline, again breaking the 4H trendline and retraced to the 61.8 level. Selling this with TP level at the neckline, before watching further price action for continuing to sell again.
