Reasoning: Price has made a bullish market structure on the 4H making a higher high and higher low, as well as looking bullish on the higher timeframes. Price is also above all three EMAs (21,50,200), with the faster ones crossing above the 200. Entry is at a bullish fib zone, plus a BRC of a previous high and the EMAs.
Market is in a bearish structure on the daily and weekly charts.
We see price broke down through EMAs, and especially the 200 EMA. Price also broken down through a bullish TL, confirming the bearish structure. This entry has the following confluences:
- Price made a lower low, and is now retracing to a previous support level + bearish fib zone.
- This area it is...
This pair is in a bearish market structure on the Weekly and daily time frames. The next visible support level on the weekly chart is around 1.600. Therefore, this pair has some more room to move downwards still.
On the 4H chart, this market is clearly in a downtrend, and the entry position has the following confluences:
- Price is in a bearish market structure,...
Bullish market structure with higher highs being formed. Price has bounced from a deep bullish fib zone (between 61.8% and 78% levels), which lines up with the 34 EMA and roughly a previous resistance zone that should now act as support.
Bullish market structure with higher highs being formed. Price appears to be rejecting from a bullish 61.8% fib zone, which also matches up with the 34 EMA and a previous resistance zone that should now act as support.
Bullish market structure with a higher high being made. Now price has retraced back to a resistance zone turned support, and also the 50% bullish fib and 34 EMA. Expecting price to bounce from here and make a higher high, or at least reach the previous high.
The AUDUSD market on the daily timeframe is in a clear downtrend, making lower lows and lower highs. Right now it is right up against a bearish TL, and a bearish fib zone.
Expecting to see this pair drop from here, and form a lower low.
Price has been in a downtrend, then had a large bullish spike, and has made a confirmed higher low, now taking the long, with stop roughly below the higher low that was made. Has also crossed above the 9 and 20 EMAs, and the 9 EMA is roughly above the 20, which are other bullish signs.