several confluences come into this. I see a potential h1 distributive chart pattern hovering above a 2 weeks high.
I am hoping that this pattern can smash this 2 weeks support. I have also identified some d1 line chart pivot as levels that I will like to see a convincing crush. that works out to a good close at ~9320.
I have a h1 channel within a h4 channel.
h1 divergence, though not too nice in this case.
AUD cash rate next week will be decisive for this setup, but my bias will be to short this.
I will look to hold if possible as there is a huge daily upslope channel that looks more on the breaking side.
I am hoping that this pattern can smash this 2 weeks support. I have also identified some d1 line chart pivot as levels that I will like to see a convincing crush. that works out to a good close at ~9320.
I have a h1 channel within a h4 channel.
h1 divergence, though not too nice in this case.
AUD cash rate next week will be decisive for this setup, but my bias will be to short this.
I will look to hold if possible as there is a huge daily upslope channel that looks more on the breaking side.