SthembisoPhokane

SthembisoPhokane

In a channel not sure if it will go down to support or it might make an inverse h&s

SthembisoPhokane

we should have our eyes on a break out for this

SthembisoPhokane

short term sells at 3913.76 is what we could look for around there would also give you a proper sl not advice just an idea

SthembisoPhokane

to me this looks like a broadening bottom forming which usually breaks to the up side lets keep follow this

SthembisoPhokane

50% retracement pin bar

SthembisoPhokane

it looks like it keeps playing in this channel for now

SthembisoPhokane

i know my drawings are usually not the best. so this looks like it will breakout either way up or down for atleast 400 pips. we really should have our eyes on this one

SthembisoPhokane

i really dont get why we have this channel, lets be patient on this one but am looking for a long cause on the daily time frame its a short term buy but the market always gives us clues

SthembisoPhokane

well to me it looks like it might make a fake out to the up side 1st than rally down. lets wait and see

SthembisoPhokane

the pair is showing that buyers are tiring cause of divergence. next candle might be sell signal

SthembisoPhokane

this has some good selling potential. H&S plus when you go to H4 time frame there is bearish divergence as well

SthembisoPhokane Updated 

i think it might do a false break to the downside 1st before it goes up

SthembisoPhokane

aud pair's really need to be looked at, which ever you look at there is something about to happen

SthembisoPhokane

we should really have our eyes on this one the longer the range the longer the break out will be

SthembisoPhokane

lets see what happens if we get good candle stick patterns

SthembisoPhokane

one to watch, if it breaks support i will be looking to short it. the high looks like 111.39 and if it breaks then look at 114,70 for resistance

SthembisoPhokane

looks like head and shoulders formation

SthembisoPhokane

i really want to believe its a double top. lets share views