CRIKEY! We have a long AND/OR short setting up here!
AUDUSD was kind enough to give me 50 pips a few days ago, I don't trade this pair too often but I'm getting more interested in this because of a multi-year channel we have to work with.
If this pair break up or down we have a long way to go to to the bottom of this 4 year old channel. If it break up we have nothing but smooth sailing to the upside.
I've marked the symmetry levels for the nearest term targets if we see break outs, there could be a lot more to come beyond that but at least that looks good to start the party.
If this pair break up or down we have a long way to go to to the bottom of this 4 year old channel. If it break up we have nothing but smooth sailing to the upside.
I've marked the symmetry levels for the nearest term targets if we see break outs, there could be a lot more to come beyond that but at least that looks good to start the party.
Jared Johnson
Union Hedge Funds
Union Hedge Funds