An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as...
AUDUSD performed a false break from the .7600 level on Friday. While this was a good bullish trend and perhaps a sign that price will continue it's rise, it simply wasn't strong enough for me to take a position. If price drops back below near term support and forms a double bottom with a sharp recovery then I will re-evaluate and most likely take a long position...
AUDUSD Has Buy & Sell confirmations on both the 4H and the Daily.
AUDUSD Approaches huge Demand Zone. Confluence of Trend-Line Demand with a 38.2 & completion of a Bullish Gartley Pattern
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On retracement against trend-line with Fibonnacci confluence.
News can obviously go either way but the Aussie looks Bullish across most pairs. As always we wait for news to commence and buy/sell the first retracement.
Video explains it but the Trendline Slash has occured RSI shows price not likely to break back through now looking for a ranged Shoulder to form within Demand & Supply.
Incomplete H&S Formation on the 1HR - looking for a strong down-move, potentially a weekly 1300 - 2000 pip trade.
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