FB Price tested the broken trendline.
A Bearish Flag pattern is being formed on the H4 Timeframe Chart.
Potential short opportunity and the targets are shown on the chart.
Cycle Sniper Indicator is confirming the bearish continuation:
Screenshot : prnt.sc
I am sharing this chart to plot the potential patterns and breakouts.
Here we see a potential Elliot triangle.
I will update the chart according to Cycle Sniper, Breakout Sniper and Price Action Sniper.
Fractal Trendline Resistance ( Red )
Long opportunity if the price breaks the FRTL up.
The ultimate target of the trade is the potential Bearish Black Swan pattern.
If it rejects, a potential test of the fractal Trendline Support ( Blue )
Short opportunity if the price breaks the FSTL down.
Safe Haven Currencies are likely to get bigger demand. ( Additional to the current fundamental environment, D.Trump's case is adding weight on risk appetite )
Here, I take AUDJPY pair as a sample case since AUD is the commodity-based currency.
Our last short call was the breakout of 76.10.
After 200 pips drop, the pair tested the broken...