nice retest of previous support structure which also a small H&S formation, nice couple wick outs of rejection on .618fib as well as tap on trendline and rejection off 200ma on 1h timeframe. this may spike up more to grab the sell orders and catch people out hence why I've got a wide stop. but should be a simple 1:2 RR
clean breakthrough previous support now retesting the are as resistance and wicking out the .5fib as resistance. bearish divergence on 4h and 2h lovely tap on trend line as well .
nice break and retest now its given us confirmation for the bullish reversal as well as bullish divergence looks very nice this one. be aware of gbp high impact news (employment change) at 0700am gmt+1 time .
nice clean break of previous structure now testing as new resistance looking for a bearish confirmation to begin the downward movement it may also push up further to tap the trendline maybe even grab liquidity so watch for a wick out as well. will be rejecting around the 618fib as well as the rsi is in massive overbought area which also gives us a nice bearish...
broken previous structure to the downside now looking to retest it with a touch on the trend line, price will be in the golden channel as I like to say of the .5 fib and.618 when its there you'll be able to see bearish divergence as well as a confluence. fingers crossed this is looking very good , be mindful of high impact news at midnight(GMT+1) for the aussie...
broken previous structure and now overnight seen a reversal to retest the previous structure and hopefully rejects around the .618 fib and continue to the downside, sell divergence will be in place as well as I can see it setting up with the rsi .
recent break of previous structure looking for retest now of the structure as well as tap on the trend line , 4h bearish divergence setting up as well could be a decent sell off but watch out for high impact news with the dollar at 1330.
1 hour chart- audusd in massive oversold rsi area so expect a pull up to around 0.65600 to retest previous support structure then drop down to potential new lows, as well as I can see potential bearish divergence setting up as an extra confluence for me. SL just above 0.764 fib and target at previous lows , which will be a nice simple 1:2 rr.
break and retest of previous structure as well as rejection of top trend line to continue in predicted channel, be very wary of CAD news coming out in the next hour , a few high impact statement's to arrive including inflation rate yoy could play a massive part in this trade.
looking retest previous support structure as resistance on daily timeframe, as well as rejection off the .5 fib around that level , plus when we get to that point which I've circled roughly (purple) we will have ran out liquidity from the sellers catching there stops from where I've put in a solid yellow ray , finally I've circled on the RSI point which I...
BREAK AND RETEST OF FORMAL STRUCTURE ASWELL AS IT WILL REJECT .5 FIB AT THAT LEVEL WITH BEARISH DIVERGANCE AND CREATE THE TOUCH ON TREND LINE GOOD 1;6 PENDING
