The AUDUSD 4h Diagram Technical Analysis Training shows the following:
The AUDUSD made a local top at 0,9363 (1.618 of fib) and then declined towards to EMA 200 closing almost on lower low , last Friday. MACD is bearish above the zero line and RSI is bearish too.
There is no special candlestick pattern. The Kijun Sen (blue line) is exactly on 1 of fib at 0,93208. These both are a great support.
There is no special pattern. The movement is respecting the fib levels.
All the indexes say short. Long in a case of breaching the resistance line reacting from EMA 200 or from Kijun Sen. Do not forget that the index is above the KUMO.
The AUDUSD made a local top at 0,9363 (1.618 of fib) and then declined towards to EMA 200 closing almost on lower low , last Friday. MACD is bearish above the zero line and RSI is bearish too.
There is no special candlestick pattern. The Kijun Sen (blue line) is exactly on 1 of fib at 0,93208. These both are a great support.
There is no special pattern. The movement is respecting the fib levels.
All the indexes say short. Long in a case of breaching the resistance line reacting from EMA 200 or from Kijun Sen. Do not forget that the index is above the KUMO.
