Here we have seen AUD recover previous losses as the bulls are waiting to go higher. For me, I would like to see further confirmation past the falling trendline to complete the 3rd and final test.
- Hold for a dip to break through resistance
- Re-enter when price breaks highs and retests
- Jam stops at 50+ or price action permitting
- Scalp using MA strategy to target for additional entries
PLEASE SEE RELATED IDEA FOR PREVIOUS ANALYSIS
The market has not started to fall in predicted areas. We now wait for a fresh entry point for the bulls.
Price has followed analysis very accurately but narrowly missed the entry point below. The long term plan remains the same, focus on the breakout through the bearish downtrend and enter on the retest.
Price broke the downtrend we had marked and is now heading for TP. Slow tp update this one sorry guys.