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Simple Price Action Analysis on AUDUSD Daily.
This time a Channel Pattern reversal.
BitcoinDiamond - very strong coin at the moment.
The coin did not react to the market drop last week. In addition, it grew in price.
A few minutes ago the price BCDUSD made a new impulse up and showed a retest at the level 2.10.
So now we have a new potencial balance with the range 2.10-2.291. If this balance goes up, new target will be resistance area ...
The Ethereum looks much better than Bitcoin now.
First of all - it's strong up trend.
Second - the price is above big horizontal volumes.
Third thing - last balances showed bull reaction.
To resume mid-term growth, it is necessary to breakout 840. Next strong resistance zone would be 755 and round psychological level 800.
For bulls it's important to hold price ...
EURUSD is ATM hovering around 2018 key support level - 1.21550-1.21650
We have very anticipated news tomorrow coming from ECB which will give us the direction for Q2.
In case this level gets broken, supports zones that follow will be around 1.20800 and next one is at 1.19200
On the other hand if we see hawkish ECB comments next station is 1.22600, then 1.23140, ...
Price is trending bullish, locking for some good entry fibo lvls.
Where u TP ?
I am looking for a buying opportunity at the monthly support on this pair.
The 2011 pattern looks very similar to the one we have now.
Even the priceaction from the Bars look nearly the same to me.
Facts for Long
- similar pattern as in 2011
- support at the L-MLH is pointing North.
- no real LT low is broken!
- so far a wide distance from the open to the actual (potential) close
Facts for Short
- the frequency shift (red slidings) on ...