rdjaye85

rdjaye85

On the Daily we see a clear uiptrend. However, Price is converging creating a rising wedge pattern. Conservatively we wait for price to break the last low that was formed before entering a sell but aggressively we want to enter our sell trade where Market open leaves a gp to filll @199.74 wit ha 95 pips stop loss and a 240 pips TP. should our bullish trendline be...

rdjaye85 Updated 

Wit hprice still firmly in our down channel creating new highs and lows, we would want to see price continue on its downward projection with entry @ 0.59515 giving us a drop down to at least 0.58555 with stop loss @0.60037

rdjaye85

With Weekly time frame showing a strong downtrend then it is expected that lower timeframe aligns with it andso the Daily and 4HR are showing exactly that . Double top formed and price trading in the area of our fib GOLDEN ZONE, We are expecting a decline in AUD potentially this upcoming week