


KAlex1107
We broke the trendline. Rejection off 38.2% Fib. Fib level lines up with former zone of support that is now acting as resistance (S/R flip) Entered on bearish variation on M15 (two consecutive bearish candle close on M15) off S/R flip.
China banned import of multiple goods from Australia, fundamentally makes sense for AUD and NZD to take a hit in value. On M15 we have a double bottom and I entered on an M15 bullish close of the candle. This double bottom lines up with a trendline I had drawn for a couple of days.
Multiple rejections on 61.8 Fib level. S/R flip on this level. Entered on previous M15 candle close, consecutive bullish closes.
Buying on high timeframe support level. Double bottom on M15 on support level and other prev low. We saw three consecutive bearish M15 candles and then a big engulfing bull candle, this makes me believe that those three bear candles were just a fakeout.
Multiple rejections off 38.2 Fib. Bullish Pinbar on M30 off same Fib level. Structure on H1 flipped from bearish to bullish. Entry trigger was an M15 Bullish variation entry.
We've broken this support level and retested it multiple times as resistance.
Price never proved my bias wrong. My SL was too tight yesterday. I also did a bit of reading and the fundamentals show a weaker USD. Technicals and fundamentals lining up for a high probability trade.
Price has respected this channel very much. Rejection shown on bottom trendline in the form of a bullish variation on M15.
First position bought on higher timeframe support. Second position taken on retest of double bottom/break and retest set up. Overall trend is upward.
Bearish Daily/H4 structure. Double Top on H1 from yesterday, neckline showing resistance. M15 shows doubletop on this level formed this morning.
We have positive fundamentals with USD news this morning and we have a level of resistance. Fundamental/Technical confluence.