Hi everyone ,, this is how i see the AUD/USD this week ,,
Without Pride i was the first to predict the head & shoulders pattern even before it got completed ,, LOL ;)
But right now i think we have these scenarios :
1 - The price will break the current descending channel and go up directly .
2 - the price will keep going down and react with the key level and bounce up .
3 - the price will break the key level and keep moving down .
But for me i think the high probability is for the second scenario , because of the right shoulder's support ,and the fib golden percent 0.61 , and the price is going down in an aggressive way ,,
But anyway , as a price action trader im not gonna make any move until the descending channel get's broken ,,
any way these are my thoughts for this week ,,
if you like it give it a thumbs up :)
TRADE SAFELY ;)
Without Pride i was the first to predict the head & shoulders pattern even before it got completed ,, LOL ;)
But right now i think we have these scenarios :
1 - The price will break the current descending channel and go up directly .
2 - the price will keep going down and react with the key level and bounce up .
3 - the price will break the key level and keep moving down .
But for me i think the high probability is for the second scenario , because of the right shoulder's support ,and the fib golden percent 0.61 , and the price is going down in an aggressive way ,,
But anyway , as a price action trader im not gonna make any move until the descending channel get's broken ,,
any way these are my thoughts for this week ,,
if you like it give it a thumbs up :)
TRADE SAFELY ;)