There is Bat Bearish Pattern which indicates a potential drop anywhere between $57.15 to $56.30. However, one must be careful of smart money picking the stop losses and they do that by spiking the price a little bit prior to dropping it like it's hot ..oil ( pun intended), and so proper lot size management is key when buying or selling Oil.
I would love to...
I expect that there will be some SL hunting and so using proper risk management is key. I think it will hit 1472 with no issues.
This is not a signal.
Please trade at your own risk using your own analysis.
This analysis is based on the ORB Nr4 strategy . This will be my first time trading this strategy which after back testing provided over 84% success rate. the stop loss will be adjusted manually below each previous hourly candle to make sure to capture the most pips in case of a reversal.
I would love to hear your thoughts if you have traded this strategy...
I expect AUD USD to drop down to the 0.66943 support zone once it breaks the .67484 support zone.
Please feel free to comment as I'm interested in other people's opinions.
This is my own analysis. Please trade on your own risk.
This is not a financial advise nor it is a signal service.
The candles cracked through strong support at the 81.280 zone the price bounced back to test support now turned resistance. I expect the resistance to hold and for the price to continue down to the 80.740 zone where the next support is showing on the daily.
This is my first published chart and I welcome all feedback. :)