anjhelo

anjhelo

Spotted a potential Double Tops pattern on AUDUSD 4H Chart. A strong break of 75.200 on the downside will bring the price of this pair further down.

anjhelo

Spotted a potential head and shoulders pattern on this one. A strong break of support around 79.300 will push the price of this pair downwards for around 40-50 pips.

anjhelo

Price tried to break past 61.8 Fibonacci level but wasn't able to continue down which likely means the retracement stops here and possible continuation of original uptrend will start.

anjhelo

TP 1 @ 38.2 Fibonacci level TP 2 @ 61.8 Fibonacci level Note that RSI is pointing upwards so this retracement trade might be possible.

anjhelo

AUDUSD is on possible retracement from a downtrend. TP 1 @ 38.2 Fibonacci level TP 2 @ 61.8 Fibonacci level

anjhelo

Double Tops spotted and Bearish Divergence is also present. TP at 38.2 and 61.8 Fibonacci levels.

anjhelo

DOUBLE TOPS SPOTTED Break on the neckline @ 1.35600 level will push the price further down. For more conservative entry, can enter SHORT on the 23.6 Fibonacci level and TP on 38.2 and 61.8 levels. For stronger confluence, wait for SMA crossover and bearish momentum candle close.

anjhelo

Enter SHORT when following criteria are met: - Price crosses middle band and closes with bearish momentum candle - 10 SMA crosses 20 SMA (middle BB) from above - RSI below 50 and still pointing downwards TP 1 at 38.2 Fib Level TP 2 at 61.8 Fib Level

anjhelo

Price will retrace to 38.2 and possibly up until the 61.8 Fibonacci levels. 10 MA is above 20 MA of Bollinger Bands and RSI is pointing upwards.

anjhelo Updated 

Can enter LONG position on current price level since price made a hard bounce from 23.6 Fib level and RSI is above 50 level and pointing upwards. TP on top of Fib 2 or 78.6 level of Fib 1, depending on the strength of momentum when price nears the TP levels. SL on the previous Fib level down. PLAN When price reaches 78.6 level on Fib 1 and RSI enters overbought...

anjhelo

For extra confirmation, check that price is crossing the 20 SMA from above on the BB on H1 chart.

anjhelo

Price just crossed 38.2 Fibonacci level and seems to continue shooting up going to 50 and 61.8 levels. RSI is on overbought area but still pointing upwards. Bollinger Bands sloping upwards and price is still on the upper band. Upwards momentum is still present and strong. TP at next Fibonacci level and SL on most recent swing low just right under the previous Fib level.

anjhelo

Price might still go down and retest 38.2 Fibonacci level as RSI still pointing downwards and price is approaching to cross the middle band from above. TP Levels TP 1: 38.2 FL = 1.24950 TP 2: 50.0 FL = 1.24700 TP 3: 61.8 FL = 1.24450

anjhelo

Price is on an upward momentum based on RSI and can reach 38.2 level easily and can continue to shoot up to 61.8 level. Upon reaching the mentioned levels, look for signs of reversal and plot potential points of price direction and profit taking levels.

anjhelo

Downward momentum is dying down and reversal might be in place soon.

anjhelo

Price will go up to 61.8 Fibonacci level as RSI is pointing upwards and price is on upper band. Upon reaching 61.8 level, price might reverse and can enter SHORT position with TP levels on the 38.2 and 61.8 Fibonacci levels.

anjhelo

Downtrend might end on the green zone since it is the 50.0 FL and RSI is in oversold territory and showing signs of going up. If price reverses on the green zone, can enter LONG position with TP levels at 38.2 and 61.8 levels.

anjhelo

Price will continue moving up to 61.8 Fibonacci level and might possibly reverse at this point if it reaches overbought area on RSI. If signs of reversal are evident on this point, enter SHORT with profit targets on 38.2 and 61.8 Fibonacci levels.