Farmmi, Inc., together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium...
Price is retesting a previous zone of congestion and support.
With a test of the 50EMA, this is the last opportunity for the bears to remain in control.
I will be watching intraday for a reversal in the highlighted area.
This is not the strongest setup, but in the markets, anything is possible!
A pin bar at the 50% Fib level gave price a little relief, but price action suggests this rally is over, with no bullish follow through in the days that followed.
I will look to get short on a break below the pin bar wick, and perhaps a little higher if price action presents an opportunity.
Targets would be next support/prev resistance at $49, where there is...
Price has carved a range between the 38.2 and 61.8 fib levels
Following NFP, price has tested the top of the range for the first time
I am expecting resistance to hold and will look to enter a short position
!st target at 1.062
2nd target 1.053
Last week, Aussie did retrace up to 0.7500 level but wasn't able to reach our max target at 0.7570.
Price temporily corrected down, and while it is still contained inside the bullish channel (yellow), we can still see this pair rally toward its 61.8% retracement or even higher.