A simple yet very powerful indicator could be the Monthly Stochastic RSI.
We recently had a bullish cross on that indicator. Looking at the previous 2015 bear market, we see that once the Stochastic RSI hit the bottom, a bullish cross-over indicated the end of the bear market and beginning of accumulation/consolidation phase which went on for a few months. Even...
There are 3 confluences indicating a possible 4000 pip trade.
1.The weekly candle is showing a bullish signal indicating a Bullish reversal.
2.The stoch oscillator also shows a divergence which also further strengthen that the pair would go bull.
3. The price has reach the bottom of the upward trendline. This further indicates an increase in price.
Can the bullish divergence in AUDUSD H1 help break above 0.715 levels, to take out 0.725 and
ultimately reach up towards 0.730 to 0.745 levels?
A further decline in DIY towards 97.0 could ignite the move.
Sitting in a range EUR/USD may rally back to the top of the range. If not, it may retest the level halfway and continue downward. Signs of bullish anticipation are shown by price finding support at the bottom of the range, a near resembling low test bar - but really a bullish reversal bar, and Stochastic and RSI bullish divergence.
entry - above high of reversal...