Yes your bar is correct. Yesterday was lower than today...so far....I would suggest for you to look at line charts and see the clarity in trading and compare history to bar charts an you will see MAJOR support and resistance in line charts versus bar or candle charts. There is a draw back in trading line charts. Stops are wider. Can not use stops above or below line charts. Trades are closed at closing of line chart If you place them before, you will get stop out many times for losses.
Ok, just sharing my noob observation.
Look at 4 hour chart. u will see triple top @ 1.2731 - 1.2745, 3 period of 4 hour high price bar. Before selling triggered @ 1.2700 zone into 1.25 zone.
Look at 4 hours chart, i see triple/double bottom.
1st was 1.2465 zone, next yesterday's 1.2440 zone, and today's 1.2442 zone.
If price @ 1.2440 could hold again, throughout. It will have an upside to 1.2570-1.2625 next.
AUS VERY BULL, probably because of correlation with sp500. stocks cac40 and dax rallied but didn't bring eur along, GBP/USD...
Ok, just sharing my noob observation.
Look at 4 hour chart. u will see triple top @ 1.2731 - 1.2745, 3 period of 4 hour high price bar. Before selling triggered @ 1.2700 zone into 1.25 zone.
Look at 4 hours chart, i see triple/double bottom.
1st was 1.2465 zone, next yesterday's 1.2440 zone, and today's 1.2442 zone.
If price @ 1.2440 could hold again, throughout. It will have an upside to 1.2570-1.2625 next.
AUS VERY BULL, probably because of correlation with sp500. stocks cac40 and dax rallied but didn't bring eur along, GBP/USD was also owned....
its bouncing of the 61.8 % fibo
Could see a top of 1.2600 Today
