It's just prediction for AUDSGD from their trendline possibilities.
AUDSGD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish candle formation (Pin bar formation) - Slowing in weakening momentum - A rough Elliot Wave count should have current price levels completed a Wave 3 and may head upwards to do a Wave 4. - Double bottom formed recently - A second double bottom may form, look out for it's formation at...
As long as the 50 ema on the 3 hour timeframe holds as resistence, this move is active. As soon as the current support line is broken, we can expect this to fall At the moment being, it is looking more prominent to fall down as it's been in a consolidation for a few days and the long term trend is still bearish (daily and weekly). If it does make a pullback up,...
Analysis for swing traders Price action test > re-test of shadow zone confirms that it is resistance. Price action at resistance meets Bollinger Band overbought so there is confluence. Now for trigger which could look like /\/\ in line chart clear wash and rinse of shadow+bollinger upper band break below shadow zone break black dotted trend line ...