Hi everyone, I see a potential Bat pattern. IF price action goes past AC Then it is invalidated. enjoy your Sunday.
I've been looking for a short opportunity on the 12hr and 8hr charts since price action has been so bearish on aud/usd and there were a couple of triggers lining up that motivated me to enter a position. Main one being the daily chart above bearish trend price has pushed back up to support/resistance area 12hr chart showing indecision candle ...
potential short position as trend breaks resistance with a slight re-test, as well as being signalled by the CCI
It is about time us Bears got together and smashed this cheeky bugger off the worlds top spot. As you can see here we have combined waves of tightening wedge formation on the chart. We also have some strong fundamental key events to help drive emotions and stretch budgets. The cloud of short interest is growing and if we slam hard come NFP we will be able to see...