Bulls have the Bears by the "Neck" - AU

3 日前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

3 日前

コメント

Price has now given a Bearish Divergence pointing to Price needing to come down for Support!

3 日前

コメント

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!

3 日前

トレード稼働中

Price came down to the Previous High @ .6733!

Buy Entry @ .6733
SL @ .6700

一昨日

トレード終了: 利益確定目標に到達

Closed positions @ .6765

昨日

トレード稼働中

Price has come down to the Break of Structure @ .67672!

Buy Entry @ .6767
SL @ .6745
TP @ Swing High (.68236)

21 時間前

トレード終了: ストップロスに到達

Price JUST missed the Swing High and came falling down and hit the Stop Loss!