Technical Analysis based on H4. Possible triangle rectangle formation
Technical Analysis: -Cross Trendline -Fib. 88.60% -Monthly Lv. 1737 (ps. level) -Fundamental Analysis: -USD Wednesday, June 10 FED INTEREST RATE DECISION: previus 0.25% PROBABILITY: 70% Unchanged 25% More than previus 5% Less than previus ( Powell Speech)
CONFLUENCE: -Cross Trendline -fib 78.60% -psi liv. 0.69 -EMA50 (blu)
CONFLUENCE: -3 TOUCH TRENDLINE -FIB. 78.60% -R/S ZONE + GAB 08/03/20 -EMA200 DINAMIC RESISTENCE (GREEN) -PS LEVEL 1.78600 -BREARISH STRUCTURE SELL LIMIT: ENTRY 1.78600 STOP LOSS 1.79100 TP1 1.767 TP2 1.76 TP3 1.75
CONFLUENCE: -Cross Trendline -EMA20(RED) dinamic support -liv. ps 1.25 -78.60% fib TYPE ORDER: BUY LIMIT ENTRY: 1.25000 STOP LOSS: 1.24500 TP1: 1.26 TP2: 1.27 TP3:1.27250
CONFLUENCE: -Breakout trendline -Bullish Structure -rint fib 38.20% -EMAS cross FUNDAMENTAL: 02/06/20 AUD - RBA interest Rate Decision UNCHANGED 0.25% BUY LIMIT ENTRY: 0.69200 STOP LOSS: 0.68920 (ATR: 10 PERIOD m15) TP1: 0.70000 TP2: 0.70200 *** HIGH RISK TRADE: - AUD BEARISH SENTIMENT --> China-USA relations - AUD BULLISH SENTIMENT --> RBA Interest Rate...
CONFLUENCE: -Trendline dinamic support -78.60% fib -liv. p. 1.12 -EMA200 (green) dinamic support -bullish structure H1 INTEREST RATE: ECB Deposit Rate Decision -0.5% -0.5% -0.5% ECB Interest Rate Decision 0% 0% 0% *INTEREST RATE UNCHANGED
