Here I have AUD/USD on the 1Hr Chart with what looks to be a Double Bottom Pattern!
We were given a Higher High then the one on Tuesday which was preceded by a Lower Low late on Wednesday!
Following the negative news on the Consumer Debt Today and with Non-Farm Employment, Unemployment Rate and Average Hourly Earnings Tomorrow, I will be looking for Price to retrace a little lower testing our EMA Spread, finding Support, then going HIGHER!
*It's important to observe the Intensity of how Price Action revisits our area! Updates will be made.
I also see the RSI giving us quite a Strong Divergence which strengthens my Bullish Bias!
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
-Pattern CONFIRMED by Higher High Break
-BUY-
{ SL } .65520
{ ENTRY } .65838 - .65782
{ TP } .66520
We were given a Higher High then the one on Tuesday which was preceded by a Lower Low late on Wednesday!
Following the negative news on the Consumer Debt Today and with Non-Farm Employment, Unemployment Rate and Average Hourly Earnings Tomorrow, I will be looking for Price to retrace a little lower testing our EMA Spread, finding Support, then going HIGHER!
*It's important to observe the Intensity of how Price Action revisits our area! Updates will be made.
I also see the RSI giving us quite a Strong Divergence which strengthens my Bullish Bias!
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
-Pattern CONFIRMED by Higher High Break
-BUY-
{ SL } .65520
{ ENTRY } .65838 - .65782
{ TP } .66520
Note
USD news came in POSITIVE and Price Action has made this set-up INVALID!!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.