As soon as it touches the resistance again, I will take a sell position.
We could go for the 38% of fibonnaci as in the blue rectangle.
The trade is risky because the resistance has been broken twice but very interesting, the price is likely to fall during the next few days.
The trend remains bullish in daily but the formation of an evening star is felt.
Good trade to all.
⚠️Bank of Australia announcement at 1:30 GMT
TP : 1.07789
SL : 1.08217
We could go for the 38% of fibonnaci as in the blue rectangle.
The trade is risky because the resistance has been broken twice but very interesting, the price is likely to fall during the next few days.
The trend remains bullish in daily but the formation of an evening star is felt.
Good trade to all.
⚠️Bank of Australia announcement at 1:30 GMT
TP : 1.07789
SL : 1.08217