FX:AUDUSD   Australian Dollar / U.S. Dollar
This bearish pattern (64% of the time according to encyclopedia of chart patterns) is still intact. Price action nicely bounce off that upper descending trendline . Normally I wouldn't short here but wait for a breakout at 1.01640. Impatient that I am I did short anyway but with a tight stop above Wednesday wick. To me that candlestick is a nice inverted hammer or I have seen people calling that one a shooting star (Forex only).

China's economic announcements late tonight and this weekend should gives us a good indication.

Gaven Sirois


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out