Buy order -Uptrend
Candles are above EMA200
Healthy Trend since the chart is respecting EMA50
Buy Order below resistance Level
May pullback on EMA50
Still an uptrend validated by the last higher highs and higher lows
Enclosed in a channel trending up.
TP1 is based on higher high of the Daily Chart
TP2 -1,44 is based on the Resistance level on Weekly Chart
Bulls are taking over?
With the breakout of the bearish trend + MA crossover, the new underlying bullish trend line has been doing justice.
Breakout of the current zone as well as respect with this bullish trend we can expect a new leg towards the Monthly Resistance level.
Once we get to this monthly level, we'll have to wait and see what ...
setup for a swing trade, on the weekly chart there was a new higher high created with a double top which confirmed my thoughts that it will be followed by the creation of a new lower low, this will be shown on the 1 hour chart, good luck traders!
- Pauric Finnegan
Would continue to trade with current long/call/bull trend at this time. Harmonic Pattern says has more room to go at this time. This is weekly chart, but going down to shorter time frames for trading and entering and exiting trades at support and resistance area, with tight stops on trades. Wish you best.
THIS IS A USDAUD SHORT TERM TIMING FORECAST USING FIBONACCI TIMING + POSSIBLY TREND FORECAST + GANN ANALYSIS
VERTICAL GREEN LINES ARE BUY ZONES
VERTICAL RED LINES ARE SELL ZONES
YELLOW TREND LINE IS A POSSIBLY SHORT TERM TREND
BLUE TREND LINE IS A POSSIBLY LONG TERM TREND
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