Hello traders this is what I think about AU (feel free to share your view)
AU currently broke a H1 HH and it retraced to support it's a nice buy to the resistance (High) formed
Final too I see and expect 30-35K at least for a long drop. Feds are still raising interest rates but will do 1 more in May. The economy are feeling the pressure of the inflation but very shaky;
Unemployment is nearly almost 5 percent but might expect to hit 10 percent as the recession are coming hard landing; something bigger going to break but buy Bitcoin...
In order bitcoin to drop more .. has to retrace from the short. Should expect a double top to 18K zone or respect the strong bear volume to drop from 17K area.
Let’s see what happens and I kept seeing to see if we are bottom as matter of fact I don’t think we are bottom yet because the supper from 15K zone isn’t enough support.
I see still 12-10K as a bottom...
Good short trade for buys. EURAUD has been dropping despite being oversold with no strong retrace on the larger time frame yet. I am trading this one buys only but short profit ranges.
Look to enter at current price of 1.5880
TP @ 1.5950-1.6000
Short SL under last low of 1.5830
Always remember risk management and splitting up your lot sizes to maximize profit...
Hi Everyone, this is my first chart is was hoping for some constructive criticism and your own thoughts. The green is the new resistance I expect to form.
Psychological 1.2400 region , which is monthly resistance as well , still holding pretty good and still not broken , due to the weekly News release USD gained some momentum but now is on the track to reverse to the 1.2330 zone which is a strong demand zone , from the 1.2330 zone it will either rocket above to 1.2400 or pull back to 1.2300 , so best possibility for...
