The AUDUSD 4H Diagram Technical Analysis Training shows the following:
The AUDUSD declined from EMA 200 towards back to KUMO. MACD is bullish above the zero line and RSI = 60.
The pair tries to stabilize above KUMO.
There is no special candlestick pattern. The Kijun Sen (blue line) and the Tenkan Sen (green line) both are into the KUMO. Chicken Span ask for support into the KUMO in this pull back.
There is no special pattern. Respecting to fib there is the 1.618 @ 0.935. The 0.93147 is a support now.
Long on support line. Stop loss under it. KUMO & Support line together are strong support for the pair.
The AUDUSD declined from EMA 200 towards back to KUMO. MACD is bullish above the zero line and RSI = 60.
The pair tries to stabilize above KUMO.
There is no special candlestick pattern. The Kijun Sen (blue line) and the Tenkan Sen (green line) both are into the KUMO. Chicken Span ask for support into the KUMO in this pull back.
There is no special pattern. Respecting to fib there is the 1.618 @ 0.935. The 0.93147 is a support now.
Long on support line. Stop loss under it. KUMO & Support line together are strong support for the pair.
