Bullish movement on 4 hour and think it will hit daily 50EMA. Hopefully see some nice bounces from the 15 minute 15EMA
4 hour double top and hit daily resistance.
Resistance has been broken, buy on retest, will be a strong trade as has clear room to climb.
Based on wider timeframe looking like it will test daily 50EMA and also the current fib level and support area.
2 - Too many people want to sell AUDUSD and i think it showed signs it will now retest the top area to catch people out. Bullish movement on hourly and 4 hour time frame.
1 - Is reacting off 4 hour resistance and has broke below support on hourly time frame, retested and closed back below the 50ema.
I already have an idea on this but recent movement has given another trade idea.
4 HOUR is looking ready for a bullish correction to 50EMA, hourly time frame has an upper target zone. 15 minute candles are finding support and ready to be bullish. TP to double top is conservative.
Little scalp, double top forming on 4 hour time frame and has hit a key resistance level
Double top false break has formed, do think it's got room to go up still but not before a further correction to the downside. In my opinion likely it will hit daily 50EMA.
Retest of previous structure on 4 hour time frame and has got room to move up