We see that trend continuation pattern has been broken and we also got some confirmation of the price action with bearsih engulfing for going short on this pair to it‘s previous lows by the end of the week.
TP2 could be sitting on 1.62 on longer term period.
Let‘s see how it goes :)
Good Luck!
TP2 could be sitting on 1.62 on longer term period.
Let‘s see how it goes :)
Good Luck!
Note
Seems that trendline was extended a bit, but now looks like it's broken for good and acts as a strong resistance and it's time to go down for real.
Remember that this TCP is valid until the price breaks previous highs (1.735).
Note
RBA Interest Rate decision comes in few hours. Interest rate should not be changed, but it's expected that RBA hints hike in 2018 - so we should be good here :)Note
We said too soon that TCP is broken, now it should definitely be.
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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.