Lot of Stuff in The Chart :)
Long Hedge inside my Short EUR/AUD few Days ago.
Price is coming to
-Structure look left (green Zone)
- Rsi being at 30, oversold
- Trendline (Red one)
-Fib level 0.746
Expecting it to rise a bit before Dumping. :)
Just a fast one, lets see how it goes :)
Simple clear Chart for you Today.
EUR/NZD is moving nicely withing a few trendlines.
- 200 MA is coming in to act as nice Resistance.
- In Additon we are approaching Structure , check left RED BOX
- 0.618 Fibonacci Retracement waiting again
IF you want extra confirmation
wait for the Trendline to be broken.
IF you want even more confirmation, wait...
we just arrive at the upper Line of the Channel which we see on the 4H and Daily Chart.
Price rallied up nicely after hitting the Weekly Support Zone (The Lower green boxes)
- Now we are sitting at the 0.618 of the prior move
- RSI is at about 61, and overbought + Double Top
- We are still under 200 MA and this could be a Test of the 200 MA at the...
AUD/USD just had a nice bullish move according to the weak Dollar after Mrs. Yellen had a nice little talk.
What do we see?
- We are approaching 0.7900000 -> Round Number and Range Trade Area!
- RSI overbought conditions
- Coming in 1.272 extension of prior moves
Targets will go to .0618 Retracement
- IF Target 1 is reached, stops of the other 2...
trendline of larger Timeframe got broken, waiting for Retest of that trendline of the downside.
Comes in perfectly with 50% fibline.
Support is geting respected at the moment,
Will wait for reversal Candle at the RED BOX.
We currently did see a nice bullish move.
Now we are retesting the thick red Trendline
RSI is overbought
on 1H timeframe we have a red Heiken Ashi Candle.
Price did respect the 200 MA on 4H timeframe.
Structure was respected
Looking for a Bear Move till 0.618 Fib level for Target 1
you could go for a second Target at the lows.
lets go :)