audusdwavecount

theforexarmy theforexarmy PRO AUDUSD, 240, Short , a month ago
AUDUSD: Turn bearish with the break of our long term ascending support
60 0 6
AUDUSD, 240 Short
Turn bearish with the break of our long term ascending support

Sell below 0.7700. Stop loss at 0.7790. Take profit at 0.7520. Reason for the trading strategy: We turn bearish below 0.7700 resistance (break of ascending support line, pullback resistance) for a push down to 0.7520 support (Fibonacci retracement, horizontal overlap support). RSI (34) has started to break its support and sees bearish divergence versus price ...

theforexarmy theforexarmy PRO AUDUSD, 120, Long , a month ago
AUDUSD: AUDUSD above major support, remain bullish
47 0 5
AUDUSD, 120 Long
AUDUSD above major support, remain bullish

Buy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780. Reason for the trading strategy (technically): Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high ...

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