After few trials here's a new pitchfork
Looking for price crossing down red trending line
Must go lower than 2085 area to validate short position
There is plenty of support and resistance lines, try to ignore them for now, just look at callouts for focus
Short if price is going in red area
Cautious if over 2094.8
Stop loss 2105.7
Long over 2110 green area...
Actually bearish divergence in formation with MACD
Also price near pitchfork ML, watching for crossing down
In combination with trending line in red see callout on chart
Short under 49.27 cautious if over
Stop loss over 50.18
Long over 50.91
Actual target 46.75
Actually regular bullish divergence on MACD
Watching price crossing red trending line
Long if crossing upwards in green area
Cautious if going in red area
Primary bullish target 1217.50
Keeping an eye on 1243.60 take some profits there
Stop loss 1199.55
This pair is closing in, and it is getting ready for a breakout. It is expected that the AUD will be getting stronger, but sometimes expectations aren't met. Price and the RSI are paired up right now with the converging pattern. A break up is a long signal and a break down is a short signal.
