Here I have AUD/USD on the 1Hr Chart with what looks to be a Double Bottom Pattern!
We were given a Higher High then the one on Tuesday which was preceded by a Lower Low late on Wednesday!
Following the negative news on the Consumer Debt Today and with Non-Farm Employment, Unemployment Rate and Average Hourly Earnings Tomorrow, I will be looking for Price to retrace a little lower testing our EMA Spread, finding Support, then going HIGHER!
*It's important to observe the Intensity of how Price Action revisits our area! Updates will be made.
I also see the RSI giving us quite a Strong Divergence which strengthens my Bullish Bias!
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
-Pattern CONFIRMED by Higher High Break
-BUY-
{ SL } .65520
{ ENTRY } .65838 - .65782
{ TP } .66520
We were given a Higher High then the one on Tuesday which was preceded by a Lower Low late on Wednesday!
Following the negative news on the Consumer Debt Today and with Non-Farm Employment, Unemployment Rate and Average Hourly Earnings Tomorrow, I will be looking for Price to retrace a little lower testing our EMA Spread, finding Support, then going HIGHER!
*It's important to observe the Intensity of how Price Action revisits our area! Updates will be made.
I also see the RSI giving us quite a Strong Divergence which strengthens my Bullish Bias!
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
-Pattern CONFIRMED by Higher High Break
-BUY-
{ SL } .65520
{ ENTRY } .65838 - .65782
{ TP } .66520
Nota
USD news came in POSITIVE and Price Action has made this set-up INVALID!!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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.