Bearish Activity. Possible Short opportunity.

Upon observing AU i see a high price demonstration. Anticipating a break in price action over the 0.76947 it was rejected. Now this price line can be retested. In the daily chart, not much time is being spent above the .77700 price. I am anticipating a sell eventually. Awaiting confirmation of a bearish trend continuation.

Trade stängt: målet nått:

I traded and took profits at the Third Point indicated on my chart. I heard of incoming fundamentals for Friday morning early. SO i was sure to close this trade. At point 4. We see where fundamentals took over. The trump speech deterred the flight course of this price chart. Points 2 and 3 were right on target.