To keep it short: - Short team Buy if break the line or 1.8 zone - So where are we now? 1. Weekly: What i can see: - Buy signal :High volume (enough) bullish pinbar - At the swing low - still in the chanel - Divergence shows bearish signal. Technical: - Buy: price action, trend analyze, candlestick analyze (+++) - Sell: Divergence (+) Fundamental: - Sell: Brexit. AUD rally down is actually a good thing for it's export and will soon rise(+)
So, we can expect short term buy and long term sell 2. Daily What i can see - price bounce off Support with high volume - Bullish pin bar - Bullish divergence signal - Price touch upper trend line in a shorter term than before - Reverted HnS pattern(kinda) Technical: - Buy: Divergence, Trend analyze, HnS (+++) - Sell: ? Fundamental: Same with Weekly 3. 4Hour What i can see: Price is held back and may enter a consolidation time, but overall not differ much from D1
Conclusion: Base on Suppy and Demand zone, i say buy if price break the 1.8 with sthing like price acion. All the analysis can be all wrong, so "choose your playground"
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