AUDNZD - Possible longing opportunity.
Last two days have tried to close below the 1.07 even handle but failed twice.
AUD seems to be gaining in strength the last few days of last week noticeably against the USD.
Once i get my signals of a long i will be opening a trade.
Any questions feel free to drop me a message or a comment and i'll be willing to offer...
Double bottom on the price of UK OIL with bullish divergence on the RSI on the daily chart,
Good entry for longs and taking profits at $62 where the 20 MA is at at the moment , price in case of an uptrend most likely will travel towards that level,
Also Fibonacci taken from the high to low of the descending channel we have been trading in for the last few...
A long opportunity can be seen with the motive to swing it. Currently at a 4 year low with no intention to drop further. Be careful in where you enter this trade as a lot of USD data is being released shortly.
Testing previous lows; bearish tone for past 2 weeks dropping in excess of 200 pips;
Two potential scenarios:
1) buyers begin to take control- need clear confirmation on higher time frame
2) sellers continue pushing the pair lower
-4hr seems to show early signs of rejection with buyers starting to take control therefore the bias is a long.
on EURUSD we see a bearish continuation.
Next level of support that I will pay attention to is the wide area
between 1.080 - 1.085.
This area is a perfect conjunction of a horizontal structure support on weekly timeframe
and a support line of a falling parallel channel .
There will be a high chance to see a pullback from...