Reignnz

Reignnz

Sell

Reignnz

Multiple confirmations: 61.8 Fib Retracement Resistance Zone Divergence Descending Channel

Reignnz

If price breaks the trend line and quarter level then i'll be looking to take a sell position.

Reignnz

We respected 1.3000 level We have Bearish Divergence It failed to create a Higher high It's respecting the Trend-line

Reignnz

As you can see price formed a Double Top formation and is now respecting a Quarter level. We do have Divergence on the RSI, indicating we could potentially be going higher. Definitely one to watch this week.

Reignnz

AUDUSD broke through it's trend line and retested the resistance zone in which I took an entry

Reignnz

We could see a Break and Retest scenario to the downside considering a huge Bullish rally has taken place already. So far we see a confirmation of Quarter Level respect. Yet to await further confirmation.

Reignnz

We could be awaiting the completion of a Head and Shoulders pattern for an upcoming short.

Reignnz

Third touch on the trend-line, could be an early signal for a buy.

Reignnz

Potential bullish move to supply zone in order to continue bearish rally.

Reignnz

Market structure created a level of support and could be seen as a potential Head and Shoulders pattern in the making. Could be an opportunity for short term buys for a bearish swing to continue the high time frame trend.