So far the pair made a great double top and double bottom pattern and now price could go back to retest the 38% fib level again. This could be a good entry, though technically the neckline is a bit higher so observe the impulsiveness of the break.
On 1 hour chart price is already above the 200 SMA at the time of writing, so not much resistance on the way to the fib, unless tonight's unemployment data for AUD comes out negative.
Happy Trading!
On 1 hour chart price is already above the 200 SMA at the time of writing, so not much resistance on the way to the fib, unless tonight's unemployment data for AUD comes out negative.
Happy Trading!
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