since the trendline which has been there thru this whole year has been broke out,It now turns out to be sign of trend conversion.
there are 3 more evidence behind this theory.
1,It has neglected theH&S forming on 1 hour chart.Since it has broke the sell signal,It tend to turn to be buy signal.
2,It has made a "dip" which touched the big trendline and rebounded.
3,USD on weak game.USD itself has got weak signal,as i have published.If USD is weak it has high potential to shoot up.
therefore i have bought AUDUSD.
i will make a loss cut when it goes back into the trendline.
take profit when it touch the RED trendline which is the biggest trendline so far.
there are 3 more evidence behind this theory.
1,It has neglected theH&S forming on 1 hour chart.Since it has broke the sell signal,It tend to turn to be buy signal.
2,It has made a "dip" which touched the big trendline and rebounded.
3,USD on weak game.USD itself has got weak signal,as i have published.If USD is weak it has high potential to shoot up.
therefore i have bought AUDUSD.
i will make a loss cut when it goes back into the trendline.
take profit when it touch the RED trendline which is the biggest trendline so far.