DislikedI thought I would be bold and post my H4 chart for reference of the highly possible Bear move to the 61.8 Fib which is inline with my Daily divergence target.
So I am amusing that we have now found our last high and that this is the start of the down move. If this turns out to be correct then on the way down the Fib Fan levels should be respected.
It will be interesting to see over the coming days how this plays out, based on say 50 pips per day I am expecting the move the take 5 to 6 days to reach the 61.8 level allowing for rallies which I...Ignored
I am looking to long soon, i don't like shorting aud/usd because of swap, only short from 1.0580-1.0610,, any other numbers are still a risk.
I will long soon if support is established on the trendline, with a 20-30 stops, then i will skip longing it anymore until its out from trending down.
trendline can be re-draw over and over so many tl everywhere, so sometimes may not work 100%. I will monitor monday's asia hours on this pair.
which was why i didn't recommend to long until monday, the closing on aud/usd was weak and its not healthy to pull through weekend if its on the verge of falling down more.