Rounding bottom, sign of trend reversal

30 juin 2017

A nice rounding bottom. Technically, a rounding bottom from a downtrend can signify trend reversal. Price can retest 1.048 or even 1.045 first before making its move up. Will be looking to look for a long after price bounce off from the mentioned levels with bullish candles. AUD/NZD can make a good run to 1.0669 region.

30 juin 2017

Commentaire

Price still bearish, let's wait for a few more candles to play out before deciding whether to enter position. I shall be patient.

3 juil. 2017

Transaction en cours

Nice bullishness on the 1-hr Timeframe. I am expecting price to be able to reach 1.0533 and if broken, 1.07 region.

4 juil. 2017

Commentaire

Price has reached the POC level where it is met with some resistance which is expected. Note that the candles that have the highest volumes are red candles. I am still bullish, but will not add positions for now. Will only add positions if price breaks through the POC and trench strongly and return to retest.

4 juil. 2017

Commentaire

In the red right now due to news impact. Price is testing the POC level and with the bearish volume of the last candle, I am expecting price to break through from this POC. Price might be able to reach 1.041 before retracing. If price is unable to break through the POC, then the POC can be a strong support.

4 juil. 2017

Commentaire

Price broken through POC and is still very bearish as of now. As mentioned, I think price might test 1.041, if not 1.039 before retracing.