- Price is overall in a bullish trend forming higher highs and higher lows.
-Price then met resistance at a supply zone which also coincide with the 97.5 minor QP point.
-Price also closed as a doji/evening star candlestick (pattern) on the previous day.
-I am anticipating price to sell off and retrace to test near the 50.0-61.8 fib level, which will create a...
-Price is in an overall bearish trend
-Currently on the 4hr and lower TFs it appears that price is consolidating.
-Expecting price to form a candlestick reversal pattern and retrace to test the 50.0--61.8 fib level.
-Price also formed sort of a double top and broke below, a retracement to the previously stated levels, would also serve as test of the...
Hey traders, in this week we are monitoring AUDUSD for a selling opportunity around 0.718 zone. Once we will receive any bearish confirmation the trade will be exected.
Trade safe, Joe.
The weekly H&Shs pattern which I indicated on 21Apr and published here now is running so, the trend is bearish. Besides, The daily and 4H are bearish, and 4H keeps making LH. I enter a short position with targeting a round number 0.73500
R/R = 1:1.61
I see a downward price movement to my 61.8 fib @79.915
JPY is strong against all pairs, and with a weak dollar, the outlook of AUDJPY is not bullish at all.
