Sell below 0.7837. Stop loss at 0.7904. Take profit at 0.7738.
Reason for the trading strategy (technically):
Price has dropped really well for our selling area. We look to protect our position by closing half and moving the rest to breakeven. Our view is to remain bearish below 0.7837 resistance (Fibonacci retracement support-turned-resistance, pullback ...
Sell below 0.7889. Stop loss at 0.7933. Take profit at 0.7738.
Reason for the trading strategy (technically):
Price has risen back up to our major resistance area of 0.7889 (Multiple Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and we expect to see a strong reaction from this level to push price down to 0.7738 support (Fibonacci ...
AUDUSD after hit lower band of support zone has gone up. When it went out over support zone price will back and retest upper band of support zone. Now it is going to resistance zone established by low at the begining of 2015 year, high of may 2015, high of july 2017 and september 2017. We have opened long trade at the bottom of support zone. Now our trade has stop ...
There is not much movement in this pair, enter short at resistance channel and take profit at mid line, or enter long at support channel and take profit at mid line can be a good strategy as long as this pair trap inside consolidation.
Bullish confirmation if 0.8861 break up
Sell below 0.7834. Stop loss at 0.7872. Take profit at 0.7768.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7834 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off this level to push price down to at least 0.7768 support (Fibonacci retracement, horizontal overlap support, ...
Looking as if we got a daily pin bar around previous month's R1 as well as quarterly R1, after a bullish engulfing candle in the middle of structure. Likely to see some upside here soon. Fib confluence would align to clear profit targets at the .5 retracement and . 786 retracement . I have an old idea for AU using a line-break chart that i will link to this one. ...
Expanded Flat en AUDUSD diario. Esperaré la entrada en largos cuando vea la posible entrada en el nuevo impulso. Buscando dos profits (marcados con las flechas en el gráfico), uno en el tope de la bandera, y el otro en el -0,27 de Fibonacci.
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Expanded Flat in AUDUSD daily. I'll wait the long entry when I'll see the possible entrance on the new impulse. I ...
The Dollar Index DXY is acting up at the current moment. It is at a critical level where it will bounce back into consolidation or continue the bearish momentum to the downside. AUDUSD is showing bullish price action at daily support. Overall AUDUSD is bullish unless we have a strong close and stay below the monthly level .7750. I am long from the entry ...
Buy above 0.7794. Stop loss at 0.7759. Take profit at 0.7868.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We prepare to buy above major support at 0.7794 (Fibonacci extension, horizontal swing low support, bullish divergence) for the bounce to at least 0.7868 resistance (Fibonacci retracement, ...
AUDUSD is finding some support at mid channel and retesting the support level. This could be a area that finds bids to curve price back towards channel support.
Sell below 0.7868. Stop loss at 0.7913. Take profit at 0.7791.
Reason for the trading strategy (technically):
Price has broken a major support level and we look to sell on the pullback to this resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish price action, descending resistance) for a push down to at least 0.7791 support (Fibonacci ...
