AUDUSD Double Bottom : Wait for Confirmation
AUDUSD may form a Double Bottom Pattern which indicate the End of Bearish Trend, wait for confirmation to entry
Price Action show that the bear candle are not impulsive anymore, high probability price will turn in bullish trend, but we must consider, there's no green candle, price could make a downside movement once again, even the stochastic shows oversold
0.75000 yellow line is the Double Bottom Chart Pattern minimum target price
0.74747 Fibo-1.618 is golden ratio + UFO cluster
0.75204 Fibo-2.272 is harmonic level + Falling Wedge minimum target Cluster
Now just wait and see, ;
SIGNAL FOR TODAY
BUY STOP >>>0.73950
STOP LOSS >>>0.73580
TP 1 >>>0.74747
TP 2 >>>0.75200
FINAL TARGET >>> 0.75630
RISK >>> 45 pips
PROBABILITY >>> 62%
Hold till price hit the Target or till November 14th as it is a time geometry from Square of Nine
And wait for price action to see possible exit or reentry
If price continues it downside movement, than the next target from the bearish trend can be 0.72530
Price Action show that the bear candle are not impulsive anymore, high probability price will turn in bullish trend, but we must consider, there's no green candle, price could make a downside movement once again, even the stochastic shows oversold
0.75000 yellow line is the Double Bottom Chart Pattern minimum target price
0.74747 Fibo-1.618 is golden ratio + UFO cluster
0.75204 Fibo-2.272 is harmonic level + Falling Wedge minimum target Cluster
Now just wait and see, ;
SIGNAL FOR TODAY
BUY STOP >>>0.73950
STOP LOSS >>>0.73580
TP 1 >>>0.74747
TP 2 >>>0.75200
FINAL TARGET >>> 0.75630
RISK >>> 45 pips
PROBABILITY >>> 62%
Hold till price hit the Target or till November 14th as it is a time geometry from Square of Nine
And wait for price action to see possible exit or reentry
If price continues it downside movement, than the next target from the bearish trend can be 0.72530
Trade closed manually:
Cut Loss
Price make a sideways movement that probably continues it downside movement, many false break in AUDUSD, Reverse position on the signal I post before should reach at minimum 0.73120
Final Bearish Target should be 0.72530
Prepare for buy on around 0.72530, wait for price action confirmation
Mercury Retrograde just affect a trending season for gold and AU now
November 14th still be our next time support before Full Moon
Price make a sideways movement that probably continues it downside movement, many false break in AUDUSD, Reverse position on the signal I post before should reach at minimum 0.73120
Final Bearish Target should be 0.72530
Prepare for buy on around 0.72530, wait for price action confirmation
Mercury Retrograde just affect a trending season for gold and AU now
November 14th still be our next time support before Full Moon