10:34 am - AUD/USD 1HOUR CURRENTLY SITTING ON 50ema AND RANGING IN A 'BULLISH' FLAG PATTERN.
ENTER LONG UPON BREAK OF CHANNEL.
Daily 123 Gr4d candlestix .
1st Target Gr4d the close above '2'
right now looking for confirmation on 1hr & 4hr timeframe for a Cgr4d within the Flag/Channel.
Many people say if trump win, USD will bearish. but why USD keep strong bullish until now?
this is the answer! in technical, dollar index status in USA election is going to wave 3 secondary bullish. look at my chart. right at trump win, market suddenly going bearish, but its just to fullfill wave 4 minor. so dollar index status now will bearish going to wave 4...
Support broke late last night, possibly forming resistance (looks like it now). Market went bull in the last hours, hit the kill zone, indicators beginning to confirm short term reversal/back to downtrend.