23-4-17 AUDNZD SHORT decreased risk trade Key levels marked down on the chart, retracement towards major trendline, rejects at important key level longer term (redline), breaks lows of the retracement, take it short to level indicated on the chart. WATCH what price does around 1.0704, this is an important level. Decrease risk because of this level.
Keylevels
AUDUSD 4hr Chart Bear Flag Following on from an Idea I post at the beginning of the week we have come back up into an area of previous support turned resistance on the daily chart.
We have formed a very bullish looking Flag pattern, imo ready for a break further down, along with a bearish Gartley on the 1 hr
NZDUSD Support // Resistance levels, Handing it back to TokyoTokyo timezone will start in a bit and we can see the market really respectfully returned price to the Tokyo Support // Resistance Tokyo had actually opened with yesterday. Interestingly, we 'together' hit a very strong 3 Month support level.
As I write this, price has just punched through the Tokyo S/R , which means the asian session will most likely be bullish. Seeing that we have already retested the 3 Month support about 2 times now, there will not be a lot of room going down.
Good luck trading into the asian session!