bullish aussie 7.20
[D]CONSOLIDATION RANGE MOVEMENT
-consolidation along the RES range turned SUP
-pa reached HH, wicked/rejected from prior monthly low
-lower TL still active
-pa reached high out of the small consolidation & is now testing that same consolidation range as a SUP level;(.6980 could be tricky coming up, which is acting as SUPPORT)
4h:CONFLUENCING FACTORS
-RESISTANCE ZONE IS KEY* BOTH GREEN RES ZONE & 4H RES AREA (PINK)
-triple bottom support made in the 4h resistance area [purple zone]
-pa did NOT break support instead broke top of range, now 4h tf should have an initial breakout (check)a correction (check) now need pa to continue bullish move up
-smaller 'w' along the top of range broken
15m:
-1h and smaller tfs need to indicate bullish continuation
-consolidation along the RES range turned SUP
-pa reached HH, wicked/rejected from prior monthly low
-lower TL still active
-pa reached high out of the small consolidation & is now testing that same consolidation range as a SUP level;(.6980 could be tricky coming up, which is acting as SUPPORT)
4h:CONFLUENCING FACTORS
-RESISTANCE ZONE IS KEY* BOTH GREEN RES ZONE & 4H RES AREA (PINK)
-triple bottom support made in the 4h resistance area [purple zone]
-pa did NOT break support instead broke top of range, now 4h tf should have an initial breakout (check)a correction (check) now need pa to continue bullish move up
-smaller 'w' along the top of range broken
15m:
-1h and smaller tfs need to indicate bullish continuation
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