GBP AUD MAJOR DOWNTREND REVERSAL IN SIGHT ~ stealth forex trading system review
OVERALL SCENARIO
- At End of a Major Uptrend;
- Broken Inner & Outer Trend Lines;
- Within a Large Pennant Consolidation;
- Possible Rally to Resistance;
- Likely Break of Support to Start Downtrend
CHART 1 - END OF MAJOR UPTREND
POSSIBLE SHORT-TERM SCENARIOS
- Rally to Pennant Resistance after/without hitting Support;
- Break of Pennant Support to Start New Downtrend;
CHART 2- PENNANT CONSOLIDATION
LONG-TERM SCENARIO
- Support Likely to be Broken;
- Major Uptrend has ended, Trend Lines Broken,Large Pennant Formed;
- This is the typical setup for a new, major Trend Change;
ACTION RECOMMENDED
- Wait for Strong Bull Signal now or at Support to Trade to Resistance;
- Wait for Strong Bearish Break to start Downtrend;
- Aim for 100 - 200 Pips;
RECENT EMAIL FROM CLIENT
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Duane Shepherd
(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
Contact: shepherdduane@gmail.com
Twitter: @WorldWide876
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