A lot of confluences with this pair
- Bearish Engulfing candle
- Rejection of Weekly resistance
- Rejection of Top of channel
- Rejection (almost) of 200EMA
- Overall downtrend
- Overbought Stochastics
- Bad employment figures for Aus
If it plays out it plays out, confluences + confidence, if it doesn't its all part of the game of probabilities.
- Bearish Engulfing candle
- Rejection of Weekly resistance
- Rejection of Top of channel
- Rejection (almost) of 200EMA
- Overall downtrend
- Overbought Stochastics
- Bad employment figures for Aus
If it plays out it plays out, confluences + confidence, if it doesn't its all part of the game of probabilities.