AUDUSD

first target is almost there at 10432 which was the breakout trend line(short term) dont ask me why but for some odd reason even thou the trend lines is higher than the initial break point it still causes a resistance.
second target is the main down trend line at 10540ish
there is also resistance at 10476

Looks good! Have you a target in mind? The downtrend as Remo suggested or the pennant break target?

Bounced nicely off the 4H uptrend support, then broke out of the pennant remo highlighted and backtested it perfectly. Nice call remo!



dl.dropbox.com/u/20815047/AUDUSD4H21_03_13.gif

sorry forgot to put chart up yesterday.
Theres a nice flag formation on this so possible continuation pattern.
If it breaks out past 10410 then this could move higher towards the main down trend line(10541).

My order at 1.036 got hit so am now long on this. Will add on a break above 1.041 per remo's post.

There may also be another chance to go long on this at the 4H uptrend support at 1.036:



dl.dropbox.com/u/20815047/AUDUSD4H20_03_13.gif