We have a nice 142 pips from previous analysis, right now I found 2 new pattern.
CLASSIC SUPPORT AND RESISTANCE 0.6439 are previous support, become previous resistance, and will be our support again. To follow bullish wave, we can take long position at any price at channel up support, or at 0.6439 classic support and resistance level, with 33 pips target at 0.6439 as Bullish confirmation level.
NEW BULLISH CONFIRMATION LEVEL 0.6473 become new resistance and also as bullish confirmation level. If this level break out with one full candle, we have a new bullish target at triple top with 82 pips profit projection
TRIPLE TOP 0.6522 will become a strong resistance as triple top pattern, but this is mid term bullish target, and we still have one important news at sept 20th (FED Interest rate meeting)
FUNDAMENTAL We still wait for interest rate decission at 20th September, If FED to leave rates unchanged on Sept 20th, bullish at DXY (USD INDEX) will stop and we will have a good correction at DXY. Triple top pattern will easily break up and perform new bullish pattern with longer term.
Note : *Consider this pattern failed if trendline support break down. **I will update more AUDUSD analysis if I found a new pattern *** Dont forget to support my analysis, and if you have any questions, do not hesitate to contact me.
Happy trading, may profit be with you previous analysis :
Trade chiuso: obiettivo raggiunto
this analysis close with additional +33 pips. total winning streak 3 setups, with total profit : 142+33 = 175 pips. I will update this analysis if I found a new pattern.
Happy trading, don't forget to support my analytsis, thanks.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.