Clear/ Unclear? Head And Shoulders Pattern for a reversal. Am expecting it to hit the neckline to complete the formation, After which, a break to validate the HnS, or not In conclusion, short till the neckline. Goodluck Folks!
Simple Analysis Support turn Resistance. Place at market open, set and forget
Resistance becomes support for the uptrend. Clear Rejection of line
If you are unsure you may enter at CMP 1) currently in a rising trend. 2) Expect it to get to the top of the wedge 3) Subsequently, wait for break of chart pattern and go for long
Ranging AUD/USD for a while now Expect it to bounce off support levels to go Enjoy~
Daily charts show a downward trend, Hourly chart shows a possible short to the hourly upward trend. Let's see it will break the upward trend line. If a breakout occur, it will eventually go bearish according to the daily chart trendline