Potential Short entry at the break of the current Low, and sl above the previous major high with 12 Pips, I would be going Breakeven and taking partials at 1-1 (12-Pips), Final target would be 24 Pips
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Here is our detailed technical review for GBPAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.919. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.930 level soon. P.S The term oversold refers to a...
A clean pulse is followed by a clean retracement of all same color candles. After Fib(0.318) retracement, price went back to Fib(0)level. I'm waiting for the 1H candle to close above Fib(0) level and I will enter at retest of Fib(0)
AUDCHF broke and closed above a key daily horizontal resistance. The broken structure turned into support now. The market may keep growing. Next resistance - 0.5909 ❤️Please, support my work with like, thank you!❤️
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
I'd engaged in a classic Support and resistance trade with 1 single target and observed candlestick movement on a key turning point. Shorted AUDCAD at 0.8845 and my Initial Stop-Loss is at 0.8864(-19pips)(~190usd/lot). Once the market hit 0.8829, I would shift stop to entry(SLE), attaining a risk-free trade. In between I do nothing!
Down move with all red candles, retracement with green candles. Perfect retracement on Fib (0.318). Price broke above Fib (0) and entred at retrace.
Up move with all green candles, retracement with red candles. fine retracement on Fib (0.5). Strategy based, Fib (0.318) retracement is mostly expected, but this one has a perfectly alligned Fib (0.5 retest). Price broke above Fib (0) and I'm waiting for a retracement on Fib(0) for entry
AUDNZD is marginally bullish on its 1D technical outlook (RSI = 58.715, MACD = 0.003, ADX = 36.182) as it started pulling back after the price got rejected at the top of the June-initiated Channel Down. All same RSI based pullbacks hit at least the 0.618 Fibonacci level and declined by at least -2.62%. Under those conditions, we are short on AUDNZD, targeting the...
Hello,Traders! GBP-AUD went down sharply And the pair is locally oversold So as we are already seeing a Bullish rebound from the Horizontal support level of 1.911 A further move up is to be expected Buy Like, comment and subscribe to help us grow! Check out other forecasts below too!
Expecting a pullback around this level after a strong move into the area.
🕵️♂️ Let's dive into analyzing the Australian Dollar against the Canadian Dollar and see how they compare to each other. We'll focus on lower timeframes for this analysis. 📅 As we start the first day of the week, the market has just opened, and traders are awaiting the American session for their trading activities. Typically, we see increased volume during this...
A #long trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 0.88046 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see...
Hello,Friends! EUR/AUD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of...
I've been monitoring this pair for quite some time as its been ranging since February of this year. After a failed breakout attempt in early April, it looks like price is making another attempt at this week's open. I don't really have a strong directional bias with this pair as it's been in quite a whipsaw pattern for the past couple of months. I'd drop down to...
AUDCAD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit. Entry: 0.88469 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88948 Why we like it: There is...
Hello,Traders! AUD-CHF is going up now But the pair will soon hit A broken support line Which is a resistance now And after that I will be expecting A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!