AUDUSD LONG Positions in progress from 0.7426.
Trailing Stop is at 0.7424.
Look for a TARGET price around .7678 which is the confluence of a 78.6% Fib retracement AND a 1.618% Fib Extension.
EXIT on a CLOSE below the current Trailing Stop Price.
For NZDUSD LONG Trades from 0.7142, Trailing Stop loss is at 0.7107.
Potential TARGET prices are 0.7187, 50% Fib Retracement, and 0.7310 78.6% Fib Retracement.
EXIT Trade on CLOSE below Trailing Stop Loss price.
On the AUDUSD we have a potential bullish cypher pattern forming. This lines up with the completion of the AB=CD pattern forming.
Target: 0.74194 = R:RR 1.67
Best of luck!
A beautiful ascending triangle has formed on the Daily AUDUSD chart. With a bulk amount of news being released this week for the both the TVC:DXY and BMFBOVESPA:AUD1! watch for a potential setup this week!
Long AUDUSD to catch breakout from triangle pattern
Buy placed above area of resistance of previous attempts to breakout, targeting 81.6 as the next level of resistance for the pair. Driven in part by possible breakout of AUDJPY pair
AUDUSD has been experiencing a turn to the bullish side for the past couple of months. It's currently range bound on the daily and weekly but attempting to make new highs. I'm willing to long any pullbacks on this pair until further notice barring any moves from the Fed on NFP.