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Forex Monthly Trading Thread and setup ideas, page-2679

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TwoHandsRevy

922 Posts.

20/11/17

11:03

Post #: 28944050
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Originally posted by sharks37 ↑

Sonicblast I think the picture is a lot simpler - and more interesting - than that. On the monthly the AU has formed a pretty neat rising wedge over almost a 2 year period. These dont always result in a continuation move but they are pretty reliable (i.e. high probability). So the question really is how far will the continuation move be when/if it happens - 60c is easily foreseeable with a formation like this:

View attachment 837101

Cheers, Sharks

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Nice one, heres the same pattern on the NZDUSD daily
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