This is in continuation to my previous Au$ megaphone sell chart setup.
Now the price has broken down from the lower band line of the megaphone pattern and is now retracing back to the line.
Depending on the performance of $ next week and its co-relation with Aud - we can setup an entry either at the line or above the line at 0.7757 (38% fib + resistance region).
Strong $ performance is going to pull this pair down.
Now the price has broken down from the lower band line of the megaphone pattern and is now retracing back to the line.
Depending on the performance of $ next week and its co-relation with Aud - we can setup an entry either at the line or above the line at 0.7757 (38% fib + resistance region).
Strong $ performance is going to pull this pair down.