The structure on AU is still very promising for a decent move to the downside. Just like i talked about in my last forecast however price has continued to trickle up and never presented a clean pattern in the key area
so i will not be trying to call the top on this pair.
Looking for a clean impulse down then counter trend move to get in and hopefully ride a solid move to the down side.
We have broken out of the main structure slightly however at this stage it can easily drop back into the pattern and play out. If we move much higher however then i will be looking at evolving structure.
For now this can still turn into just a fake out of structure to complete the big short.
so i will not be trying to call the top on this pair.
Looking for a clean impulse down then counter trend move to get in and hopefully ride a solid move to the down side.
We have broken out of the main structure slightly however at this stage it can easily drop back into the pattern and play out. If we move much higher however then i will be looking at evolving structure.
For now this can still turn into just a fake out of structure to complete the big short.
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youtu.be/7kA0RozUQTU
WEBSITE
empirefx.com.au/
instagram.com/empirefx_official/
Telegram
t.me/Empir3_FX
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.
FREE Youtube Foundation series
youtu.be/7kA0RozUQTU
WEBSITE
empirefx.com.au/
INSTAGRAM
instagram.com/empirefx_official/
Telegram
t.me/Empir3_FX
youtu.be/7kA0RozUQTU
WEBSITE
empirefx.com.au/
instagram.com/empirefx_official/
Telegram
t.me/Empir3_FX
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.