AUDUSD // Fibunacci levels // Support Resistance // Trend lines
* Retracement to key support at .618
+ if it holds and bounces great opportunity for longs
- otherwise if it breaks a short opportunity arises
* Market Sentiment is overall short
Contrarian pov to long
* Stochastics are oversold on 4hr but not so much on higher timeframes
+ expecting it to make one final impulse before any major correction.
+ if it holds and bounces great opportunity for longs
- otherwise if it breaks a short opportunity arises
* Market Sentiment is overall short
Contrarian pov to long
* Stochastics are oversold on 4hr but not so much on higher timeframes
+ expecting it to make one final impulse before any major correction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.