LeinaD_MiL

LeinaD_MiL

AUDUSD is in a long term down trend. Price rejected at minor resistance + descending trend line at H4. It also break the minor support. Hence, we can look for possible short at lower timeframe

LeinaD_MiL

As we can see daily price action is rejected at resistance zone. It closes with a pin bar. However, Weekly price is still bullish and close above EMA 15. It is risky to take a sell trade. Lets look down to hourly chart. Price is trending above ascending trend line. It is still bullish trend. If price break the trend line and also the support level. It will...

LeinaD_MiL

*Price reject at daily demand zone. *Double bottom form. *Divergence appear. Can put a buy limit or look for buy opportunity near the demand zone with a tight stop outside the zone.

LeinaD_MiL

Structure broken meaning short EJ?

LeinaD_MiL

Bearish bias until the price tests the 20sma. If price break sma20, it will be more bias on shorting this pair.

LeinaD_MiL Updated 

Break sma20 on D1 Weak USD

LeinaD_MiL

USD GOOD DATA RECENTLY GOOD STOCK PERFORMANCE INDICATE STRONG USD CANDLE BOUNCE ON TREND LINE AND CREATE A PIN BAR RSI SHOWS HIDDEN DIVERGENCE LOWER TIME FRAME SHOWS INVERSE HEAD AND SHOULDER POSSIBLE LONG LETS SEE HOW IT WORK OUT.

LeinaD_MiL

REASON TO LONG -USD SHOWING GOOD DATA! -BOUNCE ON TREND LINE -PIN BAR -RSI SHOW HIDDEN DIVERGENCE -LOWER TIME FRAME SHOW POSSIBLE INVERSE HEAD AND SHOULDER LET'S SEE HOW IT PLAY OUT.

LeinaD_MiL

Possible trade setup. Always wait for a Break of trendline and SMA 20. There are still plenty of room to drop at higher timeframe, however if the candle show momentum and break the trend line, we can entry long with a small target and stop loss. Patience!!! Money Management!! Welcome to discuss chart with me.

LeinaD_MiL

Possible Trade. Patient is key! Wait price to hit the level and let price to tell us where they want to go.

LeinaD_MiL

D1 H&S Pattern H4 Downtrend H1 Big Pinbar at Major Resistance Area Finish at Fib Extension 200 Bearish Engulfing candlestick Bearish bar break SMA 20 and trend line. Break minor support