a bit of a tricky one, so i decided to keep to the large timeframes
on a large timeframe, we are overall bearish
lower highs playing with different resistance levels
Lower lows have been respected my drawn trendline support
recently had a massive bearish run to the bottom
price approaching various support levels
(support trendline W & M)
(backtetsted fibonacci...
price still very bearish in my opinion
still below trendline and 1.13 price level
expecting it to fall 50pips to challenge 1.125 level
a break below that suggest more bearish movement to 1.113 and maybe even open new lows to 1.1
overall daily and weekly chart is still bullish with higher highs and higher lows(channel)
price bounced on weekly support trendline, h4 double bottom
broke above my H4 higher low
i see it heading to 97.5
a break above that should mean more bullish to challnge 98 level
and possible break it to complete Daily channel around 98.5, creating higher highs
price has been inside a triangle since the beginning of the pair
it failed to break the monthly lowest low and made a lower high
it is currently bullish, since late 2016 and early 2017
price seems to be magnetised towards the resistance triangle
with AXY being bullish, the XXXAUD seemes to be respecting that very well
price also broke the 1.8 and bouncing on its...
overall perspective, big downtrend
rising wedge which broke to the downside
closed below MajorQP, i see it completing the 500pip QP range at 65, 2010 low
a break below 65 would open more dowsnide to complte 1000pip range, 2008 low
a bit of a different approach to this one
overall stong bullish her
descending triangle with a breakout
projected equal range ectension from what ive learnt from breakput patterns
possibly rising to make higher highs, or atleast challenge previous highs on W chart
lets wait and see
break below Weekly support trendline, but not the stringest of breaks
consolidation between 108.5 and 108.1(40pips range)
a break on either side would determine bias
(Due to DXY analysis, i would favour a break to the upside, staying withing support trendline)
