AUD/USD closed the week at 0.8024, The structure shows that it is likely to continue higher. I will see if it can give us a double bottam on a lower time frame chart (1h) around 0.8005 area to enter for a long position. (There are 9 events this week ).
EUR/USD was initially pressured to the downside but then reached new highs in another volatile week. I expect continuation higher toward 1.1564 area initially. The round level of 1.15 has a psychological impact and it did work as a support in past. If the support holds around 1.1290/1310 area i will prefer buying the pair.
I believe we will get a bounce here from fib 0.382 level to give us another opportunity to enter short around 1.53. Anyway do your own thing i am sure all of you know how to set your targets for divergance :D.
Bearish Hidden Divergence occurs during a reaction in a down trend when the oscillator makes a lower low while the price action does not as it is in a...