AUDUSD Mid week update 12th March, 2014 - Have we found support?
AUDUSD Mid week update 12th March, 14
Daily Chart
Hourly Chart
- On the H4 chart we have a 200ma with current candle having a rejection
- Ichimoku clouds - H4 we have broken below, however notice the clouds being very thin, which is to say that the S/R of the clouds are weak
- At the same area, the second view of the H4 chart we have a 88.6 and weekly S1 pivot confluence
- We are trading very close to support on the H4
Outlook Trade opportunity
I will be happy to take Long position trade perhaps after a H4 candle confirmation candleRisk Level Medium
Tips -
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