It just touched the Weekly trend line and so far in the 1H chart, there are signs of divergence.
I'm expecting something like what shown on the chart.
Found 3 examples on Aussie itself from almost the same level and copied one.
So we will wait until a clear sign of the down move, maybe during NFP to find a sell setup.
(I still have my sells and it was a big mistake to keep them in this kind of market, never do that!)
π¬ Please let me know your perspective on this
Happy Trading & stay green! βοΈ
βββββββββββββ π Check out the "Related ideas..." in the links below too βββββββββββββ π Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
γ³γ‘γ³γ
β
See this pattern from 2009 on Daily chart
γ³γ‘γ³γ
β
See this pattern which is a mirrored copy from July 2011 on the Daily time frame:
γ³γ‘γ³γ
β
A copy of the nearest pattern before a direction change in 4H time frame (Dec 2017 - Feb 2018)