AU, TO 0.70500, then back down???

27 ביוני 2019

AU has been on a bearish run since Jan of 2018. We have seen bullish momentum this past week and is has created a new LL, however, it was a weak one. Looking at the higher TFs, 0.70500 seems to be a significant level, which took 6 months to break. Even looking at the flash crash, it needed all of the momentum to push back up past that level. I am expecting this bullish run to continue until 0.07500 and then short to .68750 and even .67000