Daily Chart: Price action eagerly respected the Daily trend line support and bounced off immediately. This area too is in confluence with a historical support/resistance level. Price action also arrived at the buy zone I set last week.
Hourly Chart: If the hourly candle would perforate and break the nearest trend line resistance. The possibility for AUD to test the Daily trend line resistance would increase.
Note: My bias on DXY is short. Hence, I based my analysis of this currency pair on it. Trade at your own risk my friend!
Caveat!
Hourly Chart: If the hourly candle would perforate and break the nearest trend line resistance. The possibility for AUD to test the Daily trend line resistance would increase.
Note: My bias on DXY is short. Hence, I based my analysis of this currency pair on it. Trade at your own risk my friend!
Caveat!
تم فتح الصفقة:
MY USD Bias Would still be bearish until the February High resistance is broken and then retested as a support. The next immediate resistance is the Monthly PP which was rested last week but bears are still on the look out. And if you observe the candles on the 1H TF, so many bull exhaustion.
Remember that our last target was that trendline support (marked in purple) it was broken during the Asian session.