if it does, this will create a great opportunity for a long.
I am expecting this because it just bounced off of a very strong daily trendline, but I need more confluence before entering.
Australian pair has shown to respect trendlines very well, so here it is on the 4h :
this thing could also reverse at any time because of the massive bull run it has had in the past 4-5 months!... and is now slowing down actually, so I would say this pair is in consolidation mode long term. :)
I am expecting this because it just bounced off of a very strong daily trendline, but I need more confluence before entering.
Australian pair has shown to respect trendlines very well, so here it is on the 4h :
this thing could also reverse at any time because of the massive bull run it has had in the past 4-5 months!... and is now slowing down actually, so I would say this pair is in consolidation mode long term. :)