I'm guessing there's going to be a nice breakout coming up. Any opinions? I'd like to hear what others think.
As drawn on my chart, I believe we are on the last leg of an elliot wave. My decision is also based off of the support that seems to have formed at 1.28516
I'm going long on this one, and have already eaten up some pips on the way in ;)
Firstly, I identified a bearish bat a bit ago. In addition tot hat you have on the weekly chart a strong resistence that I think will keep the price moving down.
WHICH leads to....... SHORTTTTT
The bearish bat lines up, and today's news with the AUD should send the price down... Can anyone give their input, I'm new to this.