AUD/USD: Signal for a new lower move

AUD/USD: H4 Graph medium term long move, corrective move of the daily short trend. Short term lower move. Lower high and lower low, possibly change of the medium term tendancy to short. Break of the diagonal support and previous low, test and new negative formation. Two pin bars at a level of resistance 13 ЕМА […]

AUD/CHF Engulfing bar at levels of resistance

AUD/CHF: Date: May 11, 2016 H4 Chart: Short trend The price made a break off at serious horizontal support and went back for a retest and 23.6% Fibo. Price Action: Engulfing bar at horizontal resistance and 23.6% Fibo Alternative scenario: If the price goes above Fibo 23.6% and 0.723, this will break the bearish formation […]