Libra Esterlina/Dólar AustralianoViés de alta
Consolidation to Long
Atualizado
After that big run from yesterday, we were expecting pullback, but instead of a big short like many is wishing, we are seeing a retracement of that big run.
Possible support @ 2.0165, expecting for consolidation in this area before going back long again.
Stochastics is in Oversold condition, but still hasn't reached an area to enter, meaning that this graph still has movement before the turn point.
Allow the market to play itself out, once consolidation is finish follwed by a clear trend, then we will be able to trade long.
Happy Hunting.
Possible support @ 2.0165, expecting for consolidation in this area before going back long again.
Stochastics is in Oversold condition, but still hasn't reached an area to enter, meaning that this graph still has movement before the turn point.
Allow the market to play itself out, once consolidation is finish follwed by a clear trend, then we will be able to trade long.
Happy Hunting.
Nota
Right now you should had taken profits or got out of the trade, but I do advise to not short this yet, there isn't strong enough reason to start a short position, this pull back could be just a launch before another run up again. Trade with caution.Nota
Still watching very closely, even though there is a pull from the top, we haven't got a trend to short yet, I'd still wait for maybe a double top reversal or Head N Shoulder pattern, I only see one test at the top and one part of the shoulder.
Aviso legal
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