Continuation of trend. Low risk entry. Market structure shows HL HH. Stop and target as shown.
Daily tweezer top at resistance zone. 4hr market structure break in up trend with RSI divergence. pullback to daily trend.
The aussie stock market is ramping up after the feds comments last friday. Also we know that the aussie stocks pretty much follow the US market very closely. If there is a rally overnight in the US we should rally today in AUS. We have a nice INV HS here with a clear break in down trend on the Daily chart. We could rally up here over the next few months to test...
We can see the daily bearish momentum continues. The 4hr pull back has completed and now we are breaking down further. USD is dropping across the board in forex markets. Short here with nice RRR.
We have a slow change in market structure on the daily. Good RSI divergence over the previous months. Trend respected on daily chart. Good Risk reward ratio from here for a long term position. Limit buy SL 1.1279 T ~ 1.16
On the daily chart we have a nice bearish engulfing formed off the major down trend. we can see the pull back on the 4hr chart has now broken the up trend and we have a nice change in market structure. Higher probability of following major trend. We will short here with stop as shown. Target as shown.
Daily market structure changed along with daily uptrend breaking wait for pullback on 4hr to short.
Daily bear hammer formed at resistance expect retrace to previous structure with 4hr uptrend breakdown
break trend buy @ 3370 stop 3260 target 3560