So price has pushed down and broken the 1hr ascending trend line.
Price pushed back down into structure at the 0.618 fib level again.
IF price continues to respect the top trend line of the descending channel we have broken out of there is a possibility we could see price break to the up side. Projected area is at the $0.59 level.
However on the 4hr chart the...
Cable has been respecting the ascending Monthly trend line as highlighted with lots of Higher highs being created.
This month not only was the ascending trend line respected and rejected with a very long wick, we also closed above the Descending trend line.
on the lover time frames we have a strong 0.618 retracement on the Daily.
I think we could see the pair...
New month new candle close on the Higher timeframe.
AUDUSD closed and rejected my Monthly key level. This along with the continued Higher high closes and continuing to respect the ascending tend line makes me think we could see a retest of the 0.8100 level.
We also have had a rising 3 candle formation on the last 3 months (I think that s the name of the...
