AUD/USD LONG
1M
EMA have not crossed to the upside since 2012, now that it has we may be seeing a reversal point. The price has taken out the previous high.
1W
Closed above 0.79250 and tested 0.81000. EMA is upwards facing and guiding the price higher. 3 pin formation around the 0.79250 price.
1D
EMA are pointing up, trend line is being respected. Yesterday closed as a bullish engulfing and closing back above EMA, this also formed the higher low.
4H
Price has come down and rejected the 61% fib twice forming the higher low on the Daily/weekly time frame. Price then continued to move up breaking the CTL and also EMA crossing to the upside.
EMA have not crossed to the upside since 2012, now that it has we may be seeing a reversal point. The price has taken out the previous high.
1W
Closed above 0.79250 and tested 0.81000. EMA is upwards facing and guiding the price higher. 3 pin formation around the 0.79250 price.
1D
EMA are pointing up, trend line is being respected. Yesterday closed as a bullish engulfing and closing back above EMA, this also formed the higher low.
4H
Price has come down and rejected the 61% fib twice forming the higher low on the Daily/weekly time frame. Price then continued to move up breaking the CTL and also EMA crossing to the upside.
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