Several Confluences, Strong rejections of level 87.5 & 88. The price is exhausted.
Weekly - Strong rejection of 88.00
Daily - Bullish exhaustion.
4h - Strong Bearish Impulses with small bullish candles(possible retracements).
Scenario 1. If the price counter trend holds and a break of the lowerline trend line support. A potential target would be 85.5(AB=CD pattern) with a strong Fib. Support.
Scenario 2.The counter trendline can't hold the price, further move could be expected. Potential Long entry.
Upcoming news for AUD this week :
Thursday 0:30 GMT+0 Private Capital Expenditure q/q(High Impact)
Thursday 22:30 GMT+0 - RBA Gov Lowe Speaks(High Impact)
Weekly - Strong rejection of 88.00
Daily - Bullish exhaustion.
4h - Strong Bearish Impulses with small bullish candles(possible retracements).
Scenario 1. If the price counter trend holds and a break of the lowerline trend line support. A potential target would be 85.5(AB=CD pattern) with a strong Fib. Support.
Scenario 2.The counter trendline can't hold the price, further move could be expected. Potential Long entry.
Upcoming news for AUD this week :
Thursday 0:30 GMT+0 Private Capital Expenditure q/q(High Impact)
Thursday 22:30 GMT+0 - RBA Gov Lowe Speaks(High Impact)
Catatan
Trendline broke at 4h timeframe, waiting for daily candle close for 2nd confirmation + RBA Gov Lowe Speech.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.