We see a current head and shoulders pattern in play here.
The market broke below our neckline and it is now being tested, which indicates a possible move to the downside.
Another reason why we may anticipate a bearish movement is because the Aussie has prduced negative economic data based on: za.investing.com/eco...ndar/home-loans-146. I may need to readjust my SL because it might be a bit too tight.
Hopefully the pattern will play out as anticipated.
And as always, HAPPY TRADING :-)
The market broke below our neckline and it is now being tested, which indicates a possible move to the downside.
Another reason why we may anticipate a bearish movement is because the Aussie has prduced negative economic data based on: za.investing.com/eco...ndar/home-loans-146. I may need to readjust my SL because it might be a bit too tight.
Hopefully the pattern will play out as anticipated.
And as always, HAPPY TRADING :-)