Pair : AUDSEK ( Australian Dollar / Swedish Krone )
Description :
Completed " 123 " Impulsive and Making its " 4TH " Impulsive Wave at Fibonacci Level - 61.80%. Bullish Channel as an Corrective Pattern in Short Time Frame if it Rejects from the Upper Trend Line / Demand Zone then Long Term Sell
A breakout from a symmetrical triangle leading to a strong bullflag
Price will likely break out very strongly from this recently formed bullflag on the daily chart
Market phases - Price Action
In short:
• the market rises when price makes higher highs and higher lows.
• the market goes down when the price makes lower highs and lower lows,
• The market goes sideways when price does not make higher highs and higher lows or lower highs and lower lows.
It may sound childishly simple, almost like stating something obvious,...
AUDSEK short setup, -there's a lot of Highs on price rejections on this one- Bearish interest. So amazing to analyze a chart while listening on Miza Dark World.
:)
All our Forex trade setups are speculative and not guaranteed, ideas and analysis of a chart belong to charts34T ; - it is not a market advice. You are responsible for your own account.
heiken nashi bars giving me a signal to sell after good
break through support.. little bit of retracement giving
us a opportunity to grab some of this sell off before its over
