break out of trend line, pair has been sitting on a strong support area and will hopefully carry on heading north
Price hasnt been this high since June 2018, and now acting like resistance. Will we see a crap pattern play out and NZD dump? Keep an eye on the trend line and 70c level to break before shorting.
If risk on sentiment continues, AJ could potentially keep going up. We have nice break of resistance and now acting as support. Lets see what happens
Chart looks like a bit of a mess, but could have a new descending channel forming, and waiting for price to head up to the 786 level for a deep pullback and intersecting the sloping trend line for a short entry. See what happens
Multiple things to look at. 1 - Pullback to the 618 2 - Harmonic ABCD reversal zone 3 - Wedge break out happening Keep an eye to short
Bearish bat formed. Both swings down have respected the 786 fib level on pullback, so I am looking to short .
Bullish bat forming. Keep an eye for reversal in the reversal zone (yellow box)
Will we see AU200 drop, bearish crab formed, multiple trend lines broken.
One to keep an eye on if price falls to the potential reversal zone in the yellow box.
Structure trade, this pair seems to be range bound, and once again has rejected going higher, so I have entered a short.
Moving in the right direction for now. Will be aiming for 108.5 It has broken a couple trend lines, so will wait for a pullback before entering.
Waiting for a trend line violation before shorting. Price is also rejected higher structure. Bearish divergence also on RSI. Fingers crossed.
Bullish bat has formed, and seems to be moving in the right direction.
Bearish crab formed. Check price action for a possible short.
I've entered a short, based on the following charts and timeframes. Big area of confluence
Crab pattern has completed. Price is very overbought. Pattern completed on previous structure. Will we see it fall???