Student
TRX to 0.085?! UPDATEUpdate of
Where i was wrong in the target of all most everything by a little.
Any way, it seems to be working... MACD wants to rise? and support is present.
Target of little H&S reached, and same for little butterfly and huge butterfly.
If everything goes well and emotional panic sellers stop their behaviour... this is the bottom and the sky is the limit (0.085 usd for now lol)
Please feel free for comment. I will be apreaciated.
Cheers.
-CJ-
AUDUSD Short Position (4Hr Timeframe)-4Hr: Retest of support line with bullish momentum towards resistance which I feel will retest and gain bearish momentum upon the interest rate decision
-Daily: retest of support line
- RBA governor Philip Lowe indicated in July that interest rates were likely to remain on hold for a while as Australians grappled with rising household debt, stubbornly weak inflation, and slow wage growth.
- If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
GBPZAR Short Position (4Hr Timeframe)-Potential short position as trend breaks out and makes bearish move
- Be wary of retest as trend could pull back towards weekly resistance
- looking to take this position as MACD indicates downwards movement
- Look for entry in 1Hr timeframe through Moving Average crossover or bearish candlestick pattern
NZDUSD Short Position (1Hr Timeframe)- Potential short as trend retests resistance and should make way towards area of support within the channel
- Be wary of potential retest of blue area of support
- wait for Moving average crossover or bearish candlestick pattern in the 4hr timeframe before taking the position