Breakout of supply area, now watching for a retest rejection for longs up to daily resistance.
Price has found a new demand zone, & is looking to be respecting it. From here we could see a bounce back to the upside. EUR news in the morning, something to keep an eye on..
Price making a higher low now after a strong bullish break to the upside out of consolidation.. Should have a solid buy setup coming up on this pair
At resistance, now watching for a potential reversal to this zone for entry.
Potential short setup here price reached the 50 fib retracement area, now its possibly that a lower low is on the cards next..
Potential support breakout / channel break & retest. Will be watching price action when the market opens for a sign of a reversal..
Price moving in a downtrend making lower lows & highs, now running into an area of support. I'll be watching for a potential pullback (lower high) before continuation down for price to make its 4th touch to the weekly ascending trendline.
Break & retest of the CTL to the upside, consolidation resistance broken now we can see this pair potentially make a strong move to the upside. Daily time frame we have a previous hammer candle to support following with a bullish engulfing candle breaking above 1.58000 resistance.
Testing trendline resistance, price has been in some serious consolidation. Double top pattern on the daily to 1.58000 still valid, now waiting for a breakout of the range for an overall larger move
FX:AUDUSD seems to be forming a bear flag on the large timeframe, there are some nice potential opportunities for a gartley completion which would also be a cypher C leg - instead of taking targets @ 38.2% for the bearish cypher I will probably hold longer term to see if we can break out of the channel/bear flag.
Price created a inverse Head on Shoulders pattern, recently breaking above the neckline & now price is retesting broken resistance as new support now. NZD press conference shortly will be watching price action...
Price in a downtrend, now coming back again to reject off a 4 hour supply zone, & I will now watch for a reversal signal to enter short down to the previous lows & a new possible lower low..
Daily Chart: Price action eagerly respected the Daily trend line support and bounced off immediately. This area too is in confluence with a historical support/resistance level. Price action also arrived at the buy zone I set last week. Hourly Chart: If the hourly candle would perforate and break the nearest trend line resistance. The possibility for AUD to...
Price broke its counter trendline with a bullish engulfing candle. Price now going towards a supply area, where I will be watching for a reversal candle to continue the downtrend, or a break above for a deeper retracement up to daily resistance (Purple zone). On the watchlist for the upcoming week!
prevailing trend has been exhausted and expecting to continue further as there is no visible strong bearish momentum formed so far, if the price broke above 0.7892 support firmly, a long call would prevail up to 0.8082 level with a RR of 1:16 and 103 pips straightly . be alert on the 0.7892 level
After price made a false breakout, now we can see price may be coming up to make a triple top, where ill be watching for a rejection candlestick to enter short or a clean breakout & retest of the ascending trendline for entry.. Patience is key
price following a nice downtrend, will now be watching for a break of support & retest rejection for continuation down to the next area of daily support..