To keep it short: - Short team Buy if break the line or 1.8 zone -
So where are we now?
1. Weekly:
What i can see:
- Buy signal :High volume (enough) bullish pinbar
- At the swing low - still in the chanel
- Divergence shows bearish signal.
Technical:
- Buy: price action, trend analyze, candlestick analyze (+++)
- Sell: Divergence (+)
Fundamental:
- Sell: Brexit. AUD rally down is actually a good thing for it's export and will soon rise(+)
So, we can expect short term buy and long term sell
2. Daily
What i can see
- price bounce off Support with high volume
- Bullish pin bar
- Bullish divergence signal
- Price touch upper trend line in a shorter term than before
- Reverted HnS pattern(kinda)
Technical:
- Buy: Divergence, Trend analyze, HnS (+++)
- Sell: ?
Fundamental: Same with Weekly
3. 4Hour
What i can see: Price is held back and may enter a consolidation time, but overall not differ much from D1
Conclusion: Base on Suppy and Demand zone, i say buy if price break the 1.8 with sthing like price acion.
All the analysis can be all wrong, so "choose your playground"
So where are we now?
1. Weekly:
What i can see:
- Buy signal :High volume (enough) bullish pinbar
- At the swing low - still in the chanel
- Divergence shows bearish signal.
Technical:
- Buy: price action, trend analyze, candlestick analyze (+++)
- Sell: Divergence (+)
Fundamental:
- Sell: Brexit. AUD rally down is actually a good thing for it's export and will soon rise(+)
So, we can expect short term buy and long term sell
2. Daily
What i can see
- price bounce off Support with high volume
- Bullish pin bar
- Bullish divergence signal
- Price touch upper trend line in a shorter term than before
- Reverted HnS pattern(kinda)
Technical:
- Buy: Divergence, Trend analyze, HnS (+++)
- Sell: ?
Fundamental: Same with Weekly
3. 4Hour
What i can see: Price is held back and may enter a consolidation time, but overall not differ much from D1
Conclusion: Base on Suppy and Demand zone, i say buy if price break the 1.8 with sthing like price acion.
All the analysis can be all wrong, so "choose your playground"
Note
Update : pinbar on H4 ]
Note
Trade active
Short term long closed, Active Longterm ShortTrade closed: target reached
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.
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.