Reason to Buy 1) AudUsd = Short-term uptrend 2) Rejected from 50% fibo on Daily chart 3) Higher high higher Low in 30mins chart 4) Breakout from Head and Shoulder + retest neckline 5) Butterfly pattern D point for entry ?? Stay tuned !
Reason to Short 1) Downtrend 2) 11430 = key resistance 3) Strong breakout 4) Retraced to Fibo 50% 5) Bat pattern Stay tuned !
50% of fibo is based on 3 year long bearish wave. IT is combined with double top with nice candle formation and GAP which is respected by market without doubt. I set TP close to 38.2%.
AUDNZD long term - we have a clear bearish trend. Short-term correction phase near FIBO 50% We might have a stall phase. placing an order to sell the break of fibo level. Technical indicator RSI+MA turning around OB zone, Once RSI will pickup a bearish momentum which will confirm the projected movement for a new short position. TG and SL on the chart!
EURUSD Pending Call Option EOD For today should bulls manage to close above the 50% fibo we will likely see bulls band together for an attempt on 1.1250 which would open the way for 1.1275