Блог Shuael

Avatar

AUD/SGD retracement before a down move

Situation:
On the long time frime prospective , the price couldn't break the resistence level ( as pointed out on the weekly chart) and then it moved
lower to break previous lows.
I expect the price to retrace in the direction of the main resistence level and after go down to make a lower low.
Expected rate: 1.01600
Weekly chart:
On the weekly chart i pointed out the main levels i'm considering
Daily chart:
A possibile scenario is described
Читать
Перевести на Английский Показать оригинал
Shuael avatar
Shuael 28 Дек.

I used a wrong timeline, setted on the 20 of feb.

иличтобы оставить комментарий
Avatar

AUD/SGD Prediction for the 1st of June

Weekly chart:
As you can see from the weekly chart the price broke the previous highs.
For this reason i expect a up move till the next resistence levels.
Daily chart:
On the daily chart i draw the possible scenario.
Considering the high volatility of this pair it's possible that the price will move even higher, but i think that the next resistence zones will hold the price .
Читать
Перевести на Английский Показать оригинал
иличтобы оставить комментарий