I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
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This pair has been trading in a descending channel and is hovering near channel resistance. There's also resistance from its pink 50 EMA and Stochastic is "turning over". Aussie retail sales comes tonight at 9:30pm EDT and is expected to suck. With this combination of both bearish technical and fundamental "signs", I'm going to sell this pair.
Sell AUD/USD @ 8250 | SL: 8280 | PT: 8200
