I'll wait for the knife to stop twanging before trying to pick it up. Looking for a higher high on the smaller timeframes and ideally the daily 3sma to turn positive. Might be a while yet, but the pattern has a large profit objective, so I don't feel any need to rush.
Am also keeping an eye on the following Aussie bullish butterfly 0.9970 and ucad bearish butterfly 1.0320, both of which strengthen the case for coming dollar weakness.
Update : M30 au bullish crab 0.9960 might fine tune entry into the H1 fly. One more little fakeout on London open to take out Asian longs would fit nicely with the one more push on ucad up to 1.0320
Update : M30 au bullish crab 0.9960 might fine tune entry into the H1 fly. One more little fakeout on London open to take out Asian longs would fit nicely with the one more push on ucad up to 1.0320
Have a great weekend.
