As published before, we have a double top, followed by a broken neck, found support @0.68261$, 61.8% retracement, (zone) - This forges a 2618 bearish trade setup; (check link below) We have structure, an ascending wedge, wait the eventual breakout, the correction of that impulse, eventually it will test previous trend line acting as support (resistance after the breakout), search for divergence, sell it... (until this moment the price still respecting the structure, i'm following this pair in lower time frames);
Bro.. necklne is not broken yet.. exact figure of neckline is 0.7015... and if you check aud jumped twice from 0.70 and every time it hit 0.70 it went above 0.71..
Andre_Cardoso
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;) $0.70224 was broken 08/Jan/2016, a close below the neck, then it found support at $0.68261 (weekly support) - then a pull back into a 61.8% retracement zone, almost a 78.6% retracement in fact ;) - do you agree ?