Looking Good here!..Thanks who follow this ideas, Im waiting for sweep here on upside. 1hr EQH
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Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD was seen resisted again at a 2-month long resistance level 0.73.
A bat formation is formed this time and an inverted hammer has appeared right at point D of the bat formation.
As the dollar has retraced significantly after break above 97, it is very likely that the dollar may resume appreciation. Powell has stayed hawkish on rate hike too.
Therefore, with a...
AUDUSD is approaching our first resistance at 0.7493 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 0.7328 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also...
