Now, AU H4 DBX has sent the bulls out of the woods....

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After dropping from the sky, AU will have an extended consolidation phase at this level IMO.

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However, AU H4 DBX indicates that the bulls are still not out of the woods yet....

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Nice entry. Did you get a signal from DBX? Which TF.

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In fact I look at the chart the other way......

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Neither long term nor short term but somewhere in between...

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Koala, thanks for your concern about my trading. Even if I really kept the positions until now, I have no fear. Hope my answer satisfies your curiosity.

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AU H1 DBX gives a clear guidance of the long and the sort entries. It would be incredible if this system cannot help newbies trade better.

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Currently AU has been moving in a super tight range for 3 hours.

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Notice that MDBi was crossing over MDB.

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Current AU H1 DBX shows a setup of DBX Index TL Breakout. The TL is shown in red dotted line.

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For a M15 chart, the analysis should include a wider range to get a fair assessment.

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In other words, this could be the beginning of the consolidation phase.

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This is going to be a complicated consolidation. Yes AU will retest the low but may not be this time until red point c is in place.

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This can be verified by AU Daily DBX below. image

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Regarding your chart, my view is below.

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UJ H4 DBX shows a divergence occurred one bar ago. image

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To review user manual, visit url

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DBX can be applied to any major FX pairs and to any TF. To get your free trial of DBX, email your MT4 demo account number to [email protected].

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Yes and no. It could be a rebound or a reversal.

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