Australian Dollar FuturesTelah dikemas kini 6A testing Support/Resistance + Trendline, 4Hr TF Analysis
Market Structure:
- The strong trendline is broken, showing the uptrend is over, but doesn't means trend will reverse.
- In 4Hr timeframe, we can see after the trendline is broken, price retest R1 again but failed to move higher/breakout.
- It looks like moving in range between R1 and S1 in 4Hr TimeFrame, with Lower Highs (No lower Lows) forming a trendline within the range.
- Right now it is testing previous key Support/Resistance and inner trendline inside a range.
Strategy:
- I will keep this in my watchlist and monitor further
- If it break below S1, I will anticipate to go Short.
- If it break above inner trendline, I will waiting to Short near R1
- The strong trendline is broken, showing the uptrend is over, but doesn't means trend will reverse.
- In 4Hr timeframe, we can see after the trendline is broken, price retest R1 again but failed to move higher/breakout.
- It looks like moving in range between R1 and S1 in 4Hr TimeFrame, with Lower Highs (No lower Lows) forming a trendline within the range.
- Right now it is testing previous key Support/Resistance and inner trendline inside a range.
Strategy:
- I will keep this in my watchlist and monitor further
- If it break below S1, I will anticipate to go Short.
- If it break above inner trendline, I will waiting to Short near R1
Nota
As price developed, it hit resistance, formed false breakout and closed below R1. Bear is now in control. Enter short position near resistance, TP before S1.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.