- currently in profit with stop loss exactly on 1246.50 which is where i managed to buy. -Hit 786 fib retracement and created a rejection needle at 1246.45 -at initial 14 point crossing 50 point price retested the decreasing wedge pattern - price should break through 100 point (red) average on next intersection between 14 point and 50 point which indicates...
price should retrace and hit the 14 point average and just touch 618 fib ratio before going lower, stops are placed at previous high. it should go as low as 48-49 before retesting the top at 52.93-53.
already once broken the downtrend resistance and should do 618 or 786 fib retrace before further upwards movement. watching rsi carefully and for any clear candle signs of rejection,
rejection wick clear on the daily chart and price has broken a minor uptrend, it should hit the previous minor support and then fall further down.
rsi exhausted, price hitting resistance of previous trend and hit 786 fib ratio, will wait for a new low for confirmation.
886 fib retrace then long as meeting rsi daily support and weekly resistance on chart
hitting previous resistance point and also meeting resistance on rsi
718 retracement for a potential long position since its broken the trend resistance line. I;m long from 100.464
audusd has hit weekly resistance and is approaching oversold 70 on the 4hr chart. It is at significant resistance lines however no candle has formed for confirmation of downtrend yet
reaching a major resistance point the price line at 45.17 was rejected and the price came down with a red candle and long wick to indicate for a potential short position at 45. I expect it to re test support at 42. -RSI mixed to bearish -45.69 reached 0.618 retracement -previous support now resistance at 45.17-45.71
RSI is oversold, MACD is nearly at its peak when compared to previous turn overs on the 4 hour and daily charts, price is about to hit the bullish trend channel's resistance and if there is a rejection then we may see it drop to 49.80 before a reversal happens for a potential long position.
once it reaches 156 i will be looking to place a long order to reach 162. There is a clear support line connected from the previous turn arounds after each bearish move was completed.
depends on bullishness but RSI and MACD diverging and resistance is showing as it nears 0.786 and towards the 88 fib
keeps retracing up to .382 on the 2 hour chart and then drops and harmonic movement and there is a confluence at the 0.382 with 0.618-0.5
major resistance here and doesnt seem to be bullish, macD shows buyer volume decreasing so should be dropping soon to the next support level hopefully.