We see a current head and shoulders pattern in play here.
The market broke below our neckline and it is now being tested, which indicates a possible move to the downside.
Another reason why we may anticipate a bearish movement is because the Aussie has prduced negative economic data based on: za.investing.com/economic-calendar/home-loans-146. I may need to readjust my SL because it might be a bit too tight.
Hopefully the pattern will play out as anticipated.
And as always, HAPPY TRADING :-)
The market broke below our neckline and it is now being tested, which indicates a possible move to the downside.
Another reason why we may anticipate a bearish movement is because the Aussie has prduced negative economic data based on: za.investing.com/economic-calendar/home-loans-146. I may need to readjust my SL because it might be a bit too tight.
Hopefully the pattern will play out as anticipated.
And as always, HAPPY TRADING :-)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.