AUDNZD - Wait for Retrace and Long

Looks set for a retrace before moving up within the wedge. Looking for signals for an upwards break.

May see a slow grind down with long weekend in US and will keep this on radar

Komentarz:

May not be enough upward momentum to break upper TL yet - could be a small double top on 1 hr / 30 min for move to bottom TL

Komentarz:

close up of possible double top:

Komentarz:

Wait for retest of bottom TL and if it holds will enter long

Zlecenie aktywne:

Took decent pips down and now using half profit earned for aggressive entry into long with stop below recent structural support

Komentarz:

Lets hope that this is a false break of the TL - hence why above was an aggressive entry. If PA holds at current level ( 1.042 ish ) then upwards move more likely

Komentarz:

Bears first attempt to take 1.04 support and bulls holding - 1.04 break will clear way for one more push down.
Suspect that wedge is no longer valid but wait and see in the coming days

Zlecenie zamknięto ręcznie:

Need a re look after John Key's resignation -