20sma

remelthomas remelthomas AUDUSD, D, Short , 2 years ago
AUDUSD: AUDUSD DAILY SHORT
105 1 1
AUDUSD, D Short
AUDUSD DAILY SHORT

BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE

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