DislikedAdhavan retrace at blue area right? AUD/CHF D1 that is an inverted pinbar; in lower timeframe is interesting because price show divergenceIgnored
You are the right man, I missed it... and moreover the PB in traffic too
My view is, Last week Price broke the support and formed a DBHLC at 0.75552 and PA broke the BRN 0.75 also, since the FTA is too close I haven't taken that PA.
As expected during retrace price formed Pinbar @ previous support (flip zone) and failed to break the BRN. It has enough room to move, but it doesn't have enough space. (As Mike's previous post, I hope for retrace entry, we can't expect space) And monthly bar confirms the downtrend by strong rejection at previous Resistance...
Since I am in learning space, trying to understand the concept more. Could you guide if I missed or misunderstood anything in my analysis?
Adhav