The AUDUSD has fell back to a support it hasnt been since 2016. If it breaks below we could see a fall all the way down to around .6000.
Weed stocks on the rise in 2019. Need all the brainless to tune in.
I could be possibly recognizing a new bearish pattern starting to form around resistance to come and find support. So here I start with a weekly timeframe showing it previously blew past its recent resistance and it halting somewhat on its new resistance that it had around July of last year. Last week had a bearish closing bar as you go in to lower timeframes you...
A few weeks ago it failed to pass it's resistance and was consolidating between that a new found support. Recently it broke that daily support and retested to continue downwards. I have an upward trendline that it looks to be drawing back towards. Love to hear your opinion of the trade!
Slight retracement to the 30 day, if it starts heading back towards resistance on smaller tieframes I will enter.
If the S&P was going to have any sign of reversal if would have done it at the marked location on my chart. Seeing that it hesitated and climbed past that level and stopped at a key resistance, I believe it is now going to consolidate in between that key resistance and the level I have marked.
This ETF looks to continue to boom especially after the China and US have optimistic trade talks. Mainly China companies inside this ETF.