I found the combination of long stochastic 30,60,30 and dynamic cycle indicator so rewarding so far. The two combined together in the H4 defines a profitable intra-day trend.
This pair sometimes too slow for me. The market condition is bullish for intra-day and the H4 and interestingly the D1 both has a weak oscillator reading for SELL. I will consider a BUY above the intra-day support at 0.6624. the S/R levels are attached to this post ======= UPDATE =======
Its has been range bound market for two weeks now for AUDUSD. Although the major trend from the D1 is uptrend since MAY 19, but showing a signal of over-bought market in the D1 and two weeks whipsaw withing the eange 0.6963 and 0.6819 The H4 pattern shows the trend will support north move and waiting on the oscillator in H4 to turn GREEN and buy opportunity may set in. This is sure as long as the H4 Trend indicator remain BLUE (uptrend). THis is possible in the ealy days of the week.
The bullish trend of the TMASlope is backed or confirmed by the bullish (hidden) divergence as seen in the image below. Price is sitting on the intra-day support at 138.77. Another support at 138.08. We continue with the bullish bias as long as price is above the support levels.
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