* Multiple touches on daily trendline
* Test on 78.60% fib
* 4h wicks (Price tried to break 78.60% level 5 times and didn't succeed)
* On 1h timeframe we have bullish structure, price is consolidating in bullish triangle pattern.
When to enter? - When price break triangle/structure on 1H tf + price closing below 78.60% fib level on 4h timeframe.
IM NOT F*****G LEAVING! AUD/JPY LOOKS good to buy on daily chart , reverse engineer this process and we could see higher gold and lower oil . dont be surprised for a dxy reversal and a long set up occuring in /USD pairs. after this sell of presents a good time to buy FEAR. and we LOVE fear.
We're long now!
Closing above 74.60 was key to seeing the Double Bottom validated and not just consolidation and weekly support.
Now we've had multiple bullish daily closes (good size candles as well), we have confirmation of the Double Bottom off that order block at 74.20 and are looking for buys to add to our current open position (running around...
The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading...