- THIRD ON TOUCH WEEKLY TREND LINE
-4H DOUBLE BOTTOM ON THIS TREND
AUSSIE CHIEF Has been declining in recent weeks. It has now arrived at our weekly trend-line. For a third touch which is prime for executions.
We waited for a double bottom to form, now we are looking to the upside!
Second Entry for me on this pair. We had multiple rejections from the upside from this pair on a daily frame. Confirmation on entry is a a three pin formation followed by a Daily closure of a shooting star Marabozu candlestick.
after a long and steady decline , EUR USD is now looking to pull back before heading further South. To turn to the upside it has to give us a indication.
This indication has come in form of an inverse head and shoulders that has just broken.