DATE 30/04/2014
CANDLESTICK CHART
Head and Shoulders chart pattern with breakout on 27/07. Price retested the breakout and held for the next 5 days.
Rising momentum since the left shoulder of the H&S pattern
Price retested the support yesterday and held.
RENKO CHART
Price retraced .764% and starting to head up again.
EMA crossover signals increased AUD strength
CONCLUSION
Wait for the RENKO chart to display another green block before buying.
PRICE TARGETS
S/L
Alternative 1: Support at 0.81250 (Obvious S/L area)
Alternative 2: 1.5 to 2 X ATR
Alternative 3: .618% retracement
T/P High at ~0.8300
CANDLESTICK CHART
Head and Shoulders chart pattern with breakout on 27/07. Price retested the breakout and held for the next 5 days.
Rising momentum since the left shoulder of the H&S pattern
Price retested the support yesterday and held.
RENKO CHART
Price retraced .764% and starting to head up again.
EMA crossover signals increased AUD strength
CONCLUSION
Wait for the RENKO chart to display another green block before buying.
PRICE TARGETS
S/L
Alternative 1: Support at 0.81250 (Obvious S/L area)
Alternative 2: 1.5 to 2 X ATR
Alternative 3: .618% retracement
T/P High at ~0.8300
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.