Until key resistance 1.05 not broken I'll waiting the move down for AUD and I'll buy this pair at level ~1.03. Why not?
Price is near daily uptrend, resistance ~0.7140, and 0.382 fibo. It is a very good chance, I'll take it
Wait pullback to the neckline, and we can sell under ~0.695 after breakout of support www.forex-tribe.com
I think we have good signals for sell with target ~111.0
Double bottom is a good reason to buy after break downtrend. But we will have good reason to sell after repulse from the upper boundary of the downward channel .Who will win? See this fight in the next days
Perhaps we have critical point on the downward chanell bondary in the next days. RSI, Stochastic, MACD indicate beautiful signals for bears. And we have strong divergence on 4H. I'm waiting more red candles on 4H and I'm ready for agressive sell.
We border on the downlink channel, the resistance is carried out at daily downlink.
If the pair breaks the resistance ~1.06 we can buy with targets on the picture.
Bearish breakout is more likely
Nice hammer right at the confluence. Will you take this one?
Finally the breakout we were waiting for for months! Here is my previous post of this setup:
Looks good to make the first lower low.