Wal1-5_fx

Wal1-5_fx

The Australian dollar & US dollar pair seems to create a head and shoulders pattern, after completing the first wave. I forsee a push to the upside as the price breaks out of the down-trendline.

Wal1-5_fx

Since it has accepted the price 90.411, I think it might retrace again on 90.411, which gives us the opportunity to sell the DIX as it might drop until to the I have highlighted. BREAKOUT —>RETRACEMENT —>IMPULSE

Wal1-5_fx

I think the price will form a head and shoulder pattern, as it will be retesting the middle line of the channel.

Wal1-5_fx

I foresee a drop down by Monday (market open) or Tuesday. Haven't tested the strategy yet, if you take this idea, please wait for a rejection candle and use a proper risk management as well as a stop-loss. But I'm never wrong, hey.