AUDUSD on the Daily time frame has hit my Demand zone. This was the same demand zone that was once my supply zone from (11/3/17, 3/17/17/, 2/22/17, 11//16, 10/20/16.)
2. On the 4 hour time frame: The market went outside of the Bollinger bands on my TDI. Which indicate the market was out of momentum. The market is now back inside the bollinger bands which means the market is within its momentum
3. The RSI (purple line placed on the bottom) created a double bottom.
4.Hidden divergence is shown because the RSI shows double bottom while the market is slowly on an uptrend.
5. on the 1 hour the Ketchup (red EMA) and the Honey Mustard (orange SMA) crossed
6. A bullish Harmonic Butterfly pattern was created on the one hour and its completion happen within my daily demand zone.
7. Drew a trend line from 1/9/18, 2/8/18, 3/1/18 and now 3/19/18.)
8. The RSI on the one hour created a Letter W formation but the market was in a continuation to the down side.
9. TDI is a tight squeeze showing consolidation. eventually for a breakout
10. on the One hour, the RSI is above the market sentiment ( yellow line within the TDI, which shows for an uptrend)
11. Drew a small trend line and its respecting the trend line.
What we would like to see is a retest above the Demand zone at the .7715 to truly see if its on an uptrend. I want to see the market to go out this zone before buying. Risk management is key so protect your assets. Understand that this may take a while for it to move. We have news in the next few hours.
I darken the harmonic pattern and took out the head and shoulders to see clearly
2. On the 4 hour time frame: The market went outside of the Bollinger bands on my TDI. Which indicate the market was out of momentum. The market is now back inside the bollinger bands which means the market is within its momentum
3. The RSI (purple line placed on the bottom) created a double bottom.
4.Hidden divergence is shown because the RSI shows double bottom while the market is slowly on an uptrend.
5. on the 1 hour the Ketchup (red EMA) and the Honey Mustard (orange SMA) crossed
6. A bullish Harmonic Butterfly pattern was created on the one hour and its completion happen within my daily demand zone.
7. Drew a trend line from 1/9/18, 2/8/18, 3/1/18 and now 3/19/18.)
8. The RSI on the one hour created a Letter W formation but the market was in a continuation to the down side.
9. TDI is a tight squeeze showing consolidation. eventually for a breakout
10. on the One hour, the RSI is above the market sentiment ( yellow line within the TDI, which shows for an uptrend)
11. Drew a small trend line and its respecting the trend line.
What we would like to see is a retest above the Demand zone at the .7715 to truly see if its on an uptrend. I want to see the market to go out this zone before buying. Risk management is key so protect your assets. Understand that this may take a while for it to move. We have news in the next few hours.
I darken the harmonic pattern and took out the head and shoulders to see clearly
Trade closed: target reached