need strongly bearish candle closed to flip micro downtrend in 30M and break the current daily low
that would exceed 50% - 61.8% of the previous candle that closed strong bullish
For the buy, I need to close above 150.8
also break previous daily high the would confirm support.
4HR is forming a declining channel, once it breaks and strong closes above 150.8
it...
In H4 timeframe, AUD/USD price is in the uptrend within this trend line. My analysis is :
1. The price might hit the resistance line around the middle of the trend line channel and back down. In this case, I want to see if the price back to the trend line and form some harmonic pattern with an opportunity to go for long.
2. The price might go up and break the...
After the 5-0 Shark pattern completed and now get profitable, the price might retest to the sell zone again as blue arrows show(which I've drawn before it happened).
You can consider the retest of Bigger Shark Pattern or consider as new smaller shark which point D might complete at the red resistance line in The sell zone.
Next week, I will wait for a retest and...
AUDUSD , Spot a double top on Daily Chart (Look at the arrow). Right now, Price is testing the significant resistant line.
Once the price break the resistance , I will go for long.
You will see on the graph that small bearish bat pattern is forming up in H1 timeframe (Look better in M15)
You can still wait and see the confirmation for this pattern before engaged the trade.
Ad the pattern is forming for the bearish move, I will wait the market opening before engaged the trade and maybe a big gap for GBP as the Brexit voted for deadline extension on Saturday.
GBP/NZD in H4 timeframe
Bullish bat pattern is formed. Looking for a buy opportunity at 1.92127 (D)
trade plan : Buy limit placed as below.
EP : 1.92127
SL : 1.90366 (-67.5 pips)
TP1 : 1.95137 (+301 pips)
TP2 : 1.96996 (+486.9 pips)
