The Aussie Dollar has been on a significant bear run and is starting to show signs of exhaustion.
Structurally speaking, the daily time frame raising channel is holding, with the lower/support trend-line being tested and forming a higher low.
The four-hour time frame just printed a bullish engulfing candle stick pattern at the test of the trend-line which I used...
NASDAQ 100 presenting a potential exhaustion on the lower time frames .
This move may be a retracement of the overall bullish move that is currently taking place.
Looking to switch the trade back to call option when the retracement starts showing signs of weakness.
A potential short position executed on USD/JPY with a Risk to Reward Ratio of 1:4 taken during London Open 16/11/2021
A double tops chart pattern printed on the hourly time frame
