CW14 AU Short
Updated
CW14 Fundamentally we expect a dovish RBA on Monday night and a strong dollar this week.
We missed a potential entry last week on the 23.6% retracement but nevertheless we continue to be on the lookout for more opportunities.
We look to take AU lower however there might be a potential H&S pattern forming, if price decides to push up higher then we will not be shorting this pair.
We missed a potential entry last week on the 23.6% retracement but nevertheless we continue to be on the lookout for more opportunities.
We look to take AU lower however there might be a potential H&S pattern forming, if price decides to push up higher then we will not be shorting this pair.
Note
*RBA on Tuesday Afternoon GMT+8Note
Price went up with the reverse H&S setup, reconsidering short positionNote
Looking to enter longs on the 50% retracement of this new swing high which coincides with the trendline support of the recent lows, idea will be invalidated if price moves impulsively after AXY fundaments
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