I agree with this analysis. Let's be patient to see the bahaviour on the trandline.
I agree with this analysis. Let's be patient to see the bahaviour on the trandline.
I'm learning from your posts duggils.
But where's the beauty in the chart?
Why do you see so much potential in that little trendline. Are you just very Aud/Usd bearish in general?
Because of fading momentum into resistance at higher TF. I am sure you will find some sort of divergence on H1 or H4 if you are inclined to do so.
That TL wasn't broken convincingly. Now we got a new TL.
On the other hand, should it break to the upside you are looking at 400 TP. Slim chance but a chance nonetheless.
Thank you Duggils!