Obvious bear momentum, retracement into resistance, with an H n S pattern.
Possible short till 84.15 PS: Not a financial advice but for academic purposes
Price reversed from the resistance around 1.3420, broke through the recent structure and a corrective move back into the recent level which broken. This level is holding price from going above, hence, we could see a downward continuation into the lower structure level. This is my opinion of the market, I might be right or wrong.
We had a triple bottom and a breakout of the trendline. Looks like a bullish flag since the overall direction of price is up. Hoping to see more buys this week on this pair.
Price recently reversed from the highs, broke previous support zone which became resistance. Price comes back to test this resistance with wick rejections on the 1H.... We could see more downside. This is not a signal, it’s for educational purpose. Thanks
Price recently broke through a strong zone in an uptrend... direction is shifting downwards, there’s a retest of the zone broken. Would be waiting for rejection then momentum to the downside before getting in.
Price currently broke through previous support in an uptrend, Would be waiting for a retest of the recently broken zone for a confirmation of my ‘short’ bias.
BULLISH CHANNEL ON THE WEEKLY CHART. BOUNCE FROM A DEMAND ZONE ON THE DAILY CHART. WEDGE BREAKOUT ON THE 4H CHART.
The AUDUSD broke through the long downtrend line, and is seen to be in above the 200EMA. Though in an uptrend channel but seems to have gotten to a resistance zone and looking to enter back into the channel.Looking to short this pair if it refuses to break through the resistance.