Price has just broken up a major Resistance. Divergence shows that it may do a retracement, so that's why I've put the SL in the 78.6% of the Fib retracement.
It did a retracement maximum on 38.2%, so it is a signal of STRONG UPTREND.
Day opened above DAILY PIVOT POINT, so it is a signal of an uptrend.
Comments are welcome.
AUDUSD is breaking down an important resistance, making a Bearish Elliot Wave Patter.
Now, Divergence shows a lot of offers. Day has opened below DAILY PIVOT Point (Bear signal).
All is indicating that price channel will probably finish on the Oversold zone.
Any comments, please let me know.
EURUSD is on an Oversold zone , and it is accumulating demand.
Wait for resistance breakout, because it could be a possible SELL, breaking the MAJOR Oversold Support. If that Occurs, SELL to the next Support as TP.
If price breaks up the resistance should be a clear BUY. Confirmations:
1. RSI not on the overbought zone.
2. Short pullback (Sellers were not sufficiently high to push more the price).
3. Clear resistance at 1.19867.
4. Day opened above Daily Pivot (Buy Signal).
Any questions, feel free to comment.
