TP: 1.335 SL: 1.390 At the top for too long, reached an old resistance level that is in my chart for a long time!
Buy Euro – Australian Dollar Let the picture speak fot itself. We where in an great uptrend and created a sort of wedge which broke out in August to the upside. Now we pulled back in this wedge, but since the wedge is allmost completed I think there will be another break out to the upside soon. After we touched the upside we may create a new wedge. But if we break that new wedge I think the change is bigger we break out to the downside to touch the red line. But but but, that will be in about 4 years from now, the bigger picture… TP: 1.722 SL: 1.577