AUDUSD H4
As u can see price in healthy uptrend, price is respecting 50 ema. I think price completed the swing to the top north which is indicated by the bearish engulfing candle. I believe there should retracement to the previous broken resistance which aligns with 50 EMA and look for how price reacts. If we get any buy signals candle stick patterns then we can enter.
As clearly mentioned price is respecting our 61.8% retracement region, we could expect potential downside pressures into previous spiked lows.
risk/reward ratio is 1:1.5
Hello everyone,
Looking for runs up above 1.16870 but before we seeing any runs above 1.16870 - I am looking for Euro to slide into 1.16702 to 1.16802 (10 pip range)
From that range, Euro should drop into 1.16360 trading below 1.16425 which is a key low.
If we do not trade to 1.16360 and price seems to stable, consider a run above 1.16870 without any...
DXY showed bearish dominance towards the end of last week due to declining NFP results, which led the price to test a key external trendline, however, if the weekly candle closes above the trendline and sustains this level it's likely that price could make a correction towards the anticipated price region of 97.30-97.60 which is supported by the fib level of 50%...
EURUSD It's probable that the CD leg complete at 1.00 since the BC-leg was a retracement of ~61.8 of the AB leg.
*The short position must be placed ONLY when the exchange rate reaches the 1.00 or 1.27 and we have a confirmation that it will NOT continue rising.
For the past 2 weeks we've seen the price of GBP/NZD retrace to 61.8% level.
But the price still keeps making Higher Highs and Lower Lows. MACD turns up.
This is Bullish Crown Formation for turning the mid term from bearish to bullish (resuming to the bullish long term).
Now is the perfect moment to get in a Trade.
Buy: at 2.2900 (61.8% fib retracement...
