8.11 AUSSIE
daily breakout move, retracement, continuation likely?
-pa reached target area w/a wick // wick rejection from W RES 0.7240 (upper TL of bull channel)
-a bullish channel added which explains daily sup 0.7140
4h:
-daily support 0.7140 and 4h key zone (orange/0.7125support-0.7135resistance) in confluence with each other
-W RES 0.7240 holding strong, pa tested 2x w/o breaking [double top formation]/upper TL of bull channel
-zone&sup are coming up along lower TL of bullish channel
1H/15m:
-pa consolidating around w resistance level 0.7240
-pa making a double top formation under W res 0.7240
-pa reached target area w/a wick // wick rejection from W RES 0.7240 (upper TL of bull channel)
-a bullish channel added which explains daily sup 0.7140
4h:
-daily support 0.7140 and 4h key zone (orange/0.7125support-0.7135resistance) in confluence with each other
-W RES 0.7240 holding strong, pa tested 2x w/o breaking [double top formation]/upper TL of bull channel
-zone&sup are coming up along lower TL of bullish channel
1H/15m:
-pa consolidating around w resistance level 0.7240
-pa making a double top formation under W res 0.7240
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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.