Bulls have the Bears by the "Neck" - AU
Here I have AUD/USD on the 4Hr Chart!
Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder".
Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time!
If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either:
- The High just before the Break @ .6732
or
- Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 )
Indicators:
- RSI Above 50
- BBTrend printing Green Bars
- Volume Delta showing Bullish presence increasing
*TP1 - .67672
*TP2 - .68236
Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder".
Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time!
If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either:
- The High just before the Break @ .6732
or
- Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 )
Indicators:
- RSI Above 50
- BBTrend printing Green Bars
- Volume Delta showing Bullish presence increasing
*TP1 - .67672
*TP2 - .68236
הערה
Price has now given a Bearish Divergence pointing to Price needing to come down for Support!
הערה
Empire State Manufacturing Index Results!
11.5 Actual v. -4.1 Forecast / -4.7 Previous
We can see this brings Bullish sentiment into the DXY pushing off this Falling Support! Looking for Bears to step in at Resistance!
עסקה פעילה
Price came down to the Previous High @ .6733!
Buy Entry @ .6733
SL @ .6700
עסקה סגורה: היעד הושג
Closed positions @ .6765עסקה פעילה
Price has come down to the Break of Structure @ .67672!
Buy Entry @ .6767
SL @ .6745
TP @ Swing High (.68236)
עסקה סגורה: הגיע לסטופ
Price JUST missed the Swing High and came falling down and hit the Stop Loss!
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
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Novi's Trading Channel
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.