MASSIVE AUDUSD SHORT! HOLD :) Monthly LONG TERM HOLD

Long term Monthly short on AUDUSD. Here's an entry to get in and start riding it down. Will look for further entries as we continue down.

Wedge pattern, looking for resumption of longer term and medium term downtrend.

Comment:

MONTHLY: This is what i see, a downtrending channel. Aligns with Fundamentals of central banks, printing money/bond purchases and negative interest rates to promote purchasing of assets and creating a hyperinflation.

AUDUSD to 55 cents in the medium term and ~40 cents in the long term (just my own hunch)

Comment:

^ Hence a devaluation of the currency with the need to stimulate the economy and impending potential global recession/depression.

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Please LIKE And FOLLOW for support and more analysis <3 THANKS :D

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Looking for this wedge/channel to break

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This could be it. Potential for 1 last tap/test.

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Second Test Underway: Looking for strong rejection, a close and follow through for even more confirmation.
Looking good so far.

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Goodnight friends, i must sleep it's very late. Remember to get your sleep in to stay as sharp as you can as it will definitely affect everything you do in life.
Also STRONGLY REMEMBER and keep in mind to apply your risk management protocols.
This is one of the most important factors. I suggest you read up on it and learn so you can UNDERSTAND WHY it's so important. It will transform your trading if you're not consistently profitable.
There's so many layers to this, dive deep friends.

Goodnight ^_^

Comment:

Price fell from entry. Looking for further short moves.