Is AUDUSD Over Extended?
已更新
I think the price is over extended with strong evidence of Divergence on the daily chart.
I have also overlayed one period higher RSI on each panel 4hr (with daily RSI) and Daily (with weekly RSI) to visualize how the rsi line is related to the 100sma bollinger bands. On the weekly you could notice that the RSI line is below the lower band and might see a pullback reaction.
On the Price chart 4hour I have marked the ltf resistance and trend line to see if there will be a shift of Price action. Also notice there is a daily support at 2022 level which market might also test so we cannot ignore that.
Overall price action is super bearish with price below the daily 200sma .
Indicators
Daily chart
sma 50
BB 200sma
RSI WITH 100SMA BB
RSI (defaulted to weekly) with 100SMA BB
I have also overlayed one period higher RSI on each panel 4hr (with daily RSI) and Daily (with weekly RSI) to visualize how the rsi line is related to the 100sma bollinger bands. On the weekly you could notice that the RSI line is below the lower band and might see a pullback reaction.
On the Price chart 4hour I have marked the ltf resistance and trend line to see if there will be a shift of Price action. Also notice there is a daily support at 2022 level which market might also test so we cannot ignore that.
Overall price action is super bearish with price below the daily 200sma .
Indicators
Daily chart
sma 50
BB 200sma
RSI WITH 100SMA BB
RSI (defaulted to weekly) with 100SMA BB
交易开始
IM THINKING A LONG SETUP AT ANY OF THESE FIB LEVELS
WAITING FOR A CANDLE PREFERABLY ENGULFING OR LONG WICK
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