Trading opportunities for currency pair: going against a bear trend. Wave “B” on the weekly is forming as a triangle. It could trade between 0.7100 and 0.7370 until the end of the year. As soon as wave B forms wave “e”, look to open long positions with small protective stops under 0.7016 and with a 0.7620 target. A closing of the daily candle below 0.7016 will cancel the triangle and any growth scenario.
Background
The last idea I made on the Aussie came out on 23rd November. When it was published, the Australian…
Top trade idea for December 28th, 2015 – AUD/USD
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