There are some information that suggest a short trade will continue.
1- there is a H&S pattern under creation .. we can close the right should in the next day and broke the neck line...
2 - triple top done
3 - COT suggest and increase of short by Large traders
4 - recession is ongoing .... and Oil consume also.
5 - Elliott forecast suggest the possibilities of final 5° wave
for all of this I think about the short ..
In any case trade safe because AUD is a crazy horse
1- there is a H&S pattern under creation .. we can close the right should in the next day and broke the neck line...
2 - triple top done
3 - COT suggest and increase of short by Large traders
4 - recession is ongoing .... and Oil consume also.
5 - Elliott forecast suggest the possibilities of final 5° wave
for all of this I think about the short ..
In any case trade safe because AUD is a crazy horse
Trade fechado manualmente
potential rebound
Close 3/4 position