On the H4 timeframe, price has broken out of a wedge and price is likely to move to the down side. Price is making a deep pull back and it has reached a FTR with is a QML. The QM is vaild because we do have PA, firstly the QML is above a keylevel. And secondly price accumulated when approaching the decision point, a minor wedge form and was broken when price...
AUDUSD H4 : Price broke out of a channel some time ago, now price has formed a wedge. Price has just made the third bounce on the top trendline signaling us to go short on the pair.
Price has reached a major keylevel, seen on the daily time frame. Price is making a correction movement towards the up side reaching the keylevel. A channel has been plotted and price has reached the top channel trendline acting as support, signaling us to go short.
