Alright laides and gents. Just testing the waters with this one.
- I've overlaid the 2017 dump specifically with the bounce and rejection.
- So far this is playing pretty accurately but there's a lot of price action to go. It's going to be interesting to see where this land us..
The price has made a double bottom in a historical very strong support.
MACD and RSI show divergence, so we are expecting the price to change trend.
Comment your opinions!
At the current moment the Aussie Dollar is presenting us with two conflicting scenarios.
Bearish Scenario: After reversing off of the .382 Fib retracement, price may continue downward breaking the .6985 level of support.
If this bearish trend continues, I expect price to find support near the 1.272 extension of the bearish impulse leg--a level with strong...
AUDNZD is presenting us with a great opportunity to sell the market.
Price recently reversed off of the . 382 retracement of the most recent bearish impulse leg and began its move back downward.
This price action has established a nearly completed Head and Shoulders pattern, which provides us with additional opportunities to sell the retest of the broken...
After a broken pattern, plan B materialised after a long wait. After 7 retests of historical structure PA boost hitting Target1 in a flash, caught off guard I had no Target2 defined - myBad.
Dang that was exciting !
