price make a bull flag on 4 wave of an uptrend, bounce from FIB level 0.382 and break it due to positive bull fundamental AUD news that came out last night (Building Permits MoM Final and NAB Business Confidence)
I personally will wait for full body close above moving average for entry trigger
price reach uptrend trend line support market structure (previous high) and make an inverted head and shoulders.
2 entry possible: at right shoulder or at neckline after break and retest
price made head and shoulder pattern broke it and now its retesting it.price also give bear confirmation like:
*trend line resistance
*pullback trend line support break
price reach support line on daily time and form a number of reversal factors:
*price break current H4 trend line resistance
*possible inverted head and shoulder form
-entry at inverted head and shoulder right shoulder that lines with the support line been broken and retest
-entry after price break inverted head and shoulder neckline+support line and retest it
price reached trend line support and made a double top and break the previous market structure (reversal confirmation) and made a retest pullback to double top neckline
entry trigger:
*double top neckline retest
*20 EMA resistance turn in support
*Fibonacci level 0.5
possible take profit:
swing trading-take profit 1- 1.63500
position trading-take profit 2- 1.64500
-OFI-
