Breakdown of AUD

(Photo Credit: http://kingofwallpapers.com/australian-dollar/australian-dollar-005.jpg)

Today was the day many traders were waiting for, including myself.

AUD/USD finally broke out to the downside (mentioned in “There is a time to go long. There is a time to go short. And there is a time to go fishing.” – Jesse Livermore and Weekly Watch)

 

Another one that just came up on my watchlist is GBP/JPY.

A nice symmetrical triangle that has the potential to pop downwards for a huge move.

Shall continue to monitor in the meantime.

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