I was very bullish @ the start of 2014. It looks like we go back to the same price level a year ago.
11-04-2014 update: It's going fast now. Although we hit some support. I think I gonna buy some more @ $10 soon! ;-)
Before we gonna go South we test the 200 SMA one ore two times to form a nice head and shoulders pattern.
Why not going South big yet..?
I see no confirmation. The candlestick patterns on the Weekly and Monthly are still very bullish. There is some RSI divergence, but if you look back to the period 2011 - Q1 ...
Simple anatomy of the AUDUSD. Major S/R levels in confluence with fib levels.
Waiting for a second or more pinbars to spike through the 0.93 (61.8 fib) level and bearish divergence on the hourly chart as confirmation to go short.