Entry = 50 FIB Level, Trendline get broken
Target/TP = 88,6 FIB Level/Resistance = Hell Blue Zone
I get a burnout at my analysing, fck the system
Indicators: TDIGM Divergence "Cryptojesus" (Different Setings), Smart FIBO (ZigZag Lines for Patterns, make the chart invisible and only use), Support and Resistance Levels with Breaks
Stay focused and watch through...
2730 target hit and I expect a revisit.
Currently ascending channel pattern: mid term bearish until it breaks the lower or upper supports. Which it has, but we are looking for confirmation of the invalidated channel.
Also a nice chunk of volume on the last bullish move which shows big market interest. RSI showing reversal divergence on the daily but a...
Today we are looking at a short setup for XAU/AUD. At the moment we find ourselves in a corrective wave for the previous bearish impulse. This means that the next move should be towards the downside and has the potential to reach the confluence between the support level and the blue Daily trendline.
Trade with care.
Even Aussie losing to gold. Need to be careful seems a bit extended and 61.8% retrace of swing low is approaching. Should form a nice consolidation area before we go higher unless bonds and equities unravel