Watch price action at the descending trendline.It is starting to make HH and LH on the daily and we rejected a weekly zone on the weekly. If we break the trendline, we will wait for the next HL to enter a buy or if we reject the trendline we will look for a rejection candle to short it
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Price is at the trend line, lets see how it reacts there. Break or reject?Note
I replaced the trend line. I was not really well placed. Didnt catch the tops of the wicks. Now look how it looks like
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creating a double top?
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will wait on the break the ascending tl
Order cancelled
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AUD change of trend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.