Would audusd establish downtrend or continue range?
Updated
The rise of audusd temporarily ceased due to MPP (P) 0.74689 and WePP (R1) 0.74786.
If it invert from here and attack YPP (S1) 0.72900, expectations for downtrend increase.
However, the penetration to YPP (S1) remains as difficult as the previous idea.
Most recently I will consider transactions with a story aiming for YPP (S1) attack.
<<tactics>>
1) MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistances
short.
The first limit is 0.74000 above
The second limit is 0.73500 above
I conscious of above WePP.
2) It is doubtful that MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistance
I will observe it because I am not sure well.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
If it invert from here and attack YPP (S1) 0.72900, expectations for downtrend increase.
However, the penetration to YPP (S1) remains as difficult as the previous idea.
Most recently I will consider transactions with a story aiming for YPP (S1) attack.
<<tactics>>
1) MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistances
short.
The first limit is 0.74000 above
The second limit is 0.73500 above
I conscious of above WePP.
2) It is doubtful that MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistance
I will observe it because I am not sure well.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> --------------------------
Trade closed: target reached
It took about 1 day, but it reached.
(I was late for taking a picture)
Trade closed: target reached
It reached 2nd limit.
but I have closed it...
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