PavelKarakay
Pinbar rejection Inside candle, sell if goes below Overbought// horizontal resistance zone
Divergence pinbar followed by inside bar if goes above, will buy
Over bought conditions broke trend line Few major horizontal/Trend line resistance areas coming up Monthly chart shows au might break out upward to limit risk, I'll move stop loss to break even after 1:1 and have a smaller position than usual.
NZD bearish bias (related idea) trend line break engulfing pattern at trend line support
Ascending Triangle another reason for audnzd long term entry uptrend
Trend line broken Ema cross/ new resistance Horizontal resistance area Good area to short
1. Major horizontal resistance 2. trend line 3. Divergence 4. Over Bought
1. Overbought 2. Horizontal support 3. downward trend line 4. upward trend line broken
If closes below trend line and horizontal support, would be a bearish signal :downtrend: Yellens speech was very hawkish(positive) for dollar, gave it the boost to break down. Target price 1.102 area I will be selling rallies on lower times frames instead of a single trade.
Daily Trend line support broken Engulfing pattern at weekly trend line resistance 3:1 Ratio also reasonable target
1. Trend line break(zoom out) 2. Horizontal support area 3. Three inside up candlestick formation(Reversal) This is a longer term outlook of the pair.
Daily pinbar/rejection candle At trendline and horizontal support Oversold Entered long, but a smaller position than I usually do
1. Rsi shows overbought conditions 2. Near Horizontal support 3. Near trendline resistance 4. Watching for price action patterns to enter short.