We are looking for the second entry of this pair when it stops making new LL or making HL with a tight stop loss on 15mn
Previous Analyse: In the end, EURUSD made a false breakout or bull trap. We hope to see a big move downward after the false breakout
This is just an update of my idea on AUD currency. This chart I only put the 50 EMA. By comparing the AUDUSD and AUDCHF with the 50 EMA, we could see that 1hr candlestick is trying to reject the 50 EMA that acts as resistance while AUDUSD we could see that 1hr candlestick is above the 50 EMA that acts as support. Moreover, when combines with the price action it...
The daily candlestick closed above the strong trendline which could consider it as the breakout. However, price has also formed the rising wedge which most of the time is the Bearish signal.
Will we trade in the fourth wave of the Bat Pattern ???
Sorry for a little bit messy. The price failed to make a new Higher High which results in the Lower High and has formed the Double Top Pattern. We are waiting to see the breakout of the trendline to confirm the sell position
After the huge bullish, it has shown a bearish sign because it has broken the ascending trendline
Let's see how the react when it reaches the resistance
Price has formed the double top pattern after failed to break the resistance
Price is likely to form the H&S Pattern
Price has formed the falling wedge and the most interesting point of this pair is the divergence
Looking for a long opportunity if we can get a candle close above the zone
A short opportunity after the fake-out and form H and S Pattern
SPX looks like respect to the channel and trying to reject 50EMA as well.
AUDUSD has had pullback to the support align with 38.2 fib Lvl, ascending trendline, and 50 EMA. It could be a very strong support
Price has a huge pushup to the resistance and also align with the 61.8fib Lvl. Let's see how the price will play out
If the price doesn't break the Channel, there will be a short opportunity when it breaks the ascending trendline and the support zone. 1:4RR