We have broken and closed below the 200EMA on the weekly and the daily. We did not form a lower Low on the daily, therefore when the next candle opens tonight we will have a 8EMA extension on the daily.
I believe we will have a pullback to close that gap, this will give us a retest of the 200EMA on the daily and of the descending channel.
After that I will look for continuation on the 4H TF for momentum for the short.
SNIPER on site on weekly and daily, will just wait for it to also have confirmation on the 4H.
Fundamentals are also aligned for the AUS to keep on strengthening.
TP will be the lower limit of the descending channel at 1.05800
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
I believe we will have a pullback to close that gap, this will give us a retest of the 200EMA on the daily and of the descending channel.
After that I will look for continuation on the 4H TF for momentum for the short.
SNIPER on site on weekly and daily, will just wait for it to also have confirmation on the 4H.
Fundamentals are also aligned for the AUS to keep on strengthening.
TP will be the lower limit of the descending channel at 1.05800
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.