INTERESTING CANDLES ON AUDUSD

2015年3月3日

This move can go either way Long or short. I've managed to draw out a wedge which will determine where the next move could be. If the candles are continuing to be bearish for the time being and managing to break through this wedge, it may be worth shorting up to the demand zone (TP). Otherwise if the candle tests the wedge and manages to bounce off it, a short term long is worth considering here where the top of the wedge would be TP. Either way, this chart could earn you a good 100 pips when hit TP. Personally because it's a downtrend, I'm going to short down to TP. Good Luck