Possible flag, if it breaks, could send the AUD further upwards! Or down, we can never know until we see it happening...
I'll wait for a breakout and consolidation above the upper trendline to go long. If we break down, I might short it, the target could be the previously broken trendline below.
Targets:
- Zone at the 50% retracement of the last big move down and the 161.8 projection of wave 1 from the low at 2 (depending on where it ends).
- Leaving a considerable part open for targets higher up (zoom out in the chart or check higher timeframe ideas).
SL:
Below the lowest low of the retracement.
I'll wait for a breakout and consolidation above the upper trendline to go long. If we break down, I might short it, the target could be the previously broken trendline below.
Targets:
- Zone at the 50% retracement of the last big move down and the 161.8 projection of wave 1 from the low at 2 (depending on where it ends).
- Leaving a considerable part open for targets higher up (zoom out in the chart or check higher timeframe ideas).
SL:
Below the lowest low of the retracement.
交易進行:
Long from 0.7338, SL at 0.7290, TP to be decided...
