AUD/USD
H4 with Ichimoku Chart
H4 with ab-cd movements colored in Purple with potential Double Tops
Trading Analysis
On the H4 Chart with ab-cd movements completion drawn, you may note that there is a completion of Double Tops being capped at 0.9050 on the H4 chart. The PA is now ripe for rapid descent, coupling with bearish sentiments.
On the H4 with Ichimoku Chart,, 0.8940 is its next immediate support, being the Ichimoku Cloud Tops support, near the 38.2% Fibo, Breaking this support may expose its next support near 0.8875(61.8% Fibo) , and 0.8769 next, (being the recent low)
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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)
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